Is Veeva Systems (veev) The Next Ebay Type Company?

Discussion in 'Investment Charts' started by longtermbull, Jul 24, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    While this stock is not yet hitting a 12 month high it does seem to be headed higher. The next eBay type platform for the pharmaceutical industry?

    Price $65.80 @ 24 July 17

    [​IMG]

    Jul-22-17 12:03PM 10 Reasons to Buy Veeva Systems Inc. Stock and Never Sell Motley Fool
    Jul-20-17 03:30PM 3 Stocks That Look Just Like eBay in 1998 Motley Fool
    Jul-18-17 07:03AM Veeva Turns the Tables in Fight Over Tech Hiring Barriers Bloomberg
    Jul-18-17 07:03AM Veeva Systems Files Suit to Fight Unfair Business Practices That Limit Employee Rights Business Wire
     
  2. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    496
    Likes Received:
    8
    Sounds very interesting - if half as successful as eBay this could be a multi-bagger! The graph appears to show consolidation around about this level - getting ready for the next big push?
     
  3. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    Seems to have slipped through support?

    Price $61.98 @ 2 August 2017
     
  4. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    496
    Likes Received:
    8
    I remember Amazon and eBay in the early days - life was not easy but look at them now, especially Amazon!

    Still worth keeping an eye on this one.
     
  5. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    Seems to be back in favour again, next challenge is $65. It would be very positive if the shares broke through that level.

    Price $63.77 @ 16 August 17
     
  6. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
  7. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    496
    Likes Received:
    8
    While eBay has shown there is a very healthy market for its business model, few competitors have hit anywhere near the highs of eBay. However, taking just a relatively small share of eBay’s market could be a game changer for some companies. Is Veeva the one that will benefit most? The share price is suggesting good things are ahead.
     
  8. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    126
    Likes Received:
    1
    Now, this one I would buy on the dips :)

    Keeping a very close eye on this one - a buy in the low $90s IF it falls that far. Partial retracement is inevitable after a rise like this.
     
  9. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,120
    Likes Received:
    19
    No stopping this one - seems to have moved through the last major resistance. Only potential downside would be a stock market correction which would hit perceived growth stocks hardest. Buy on weakness? But will there be any?
     
Tags:

Share This Page