Daily Technical Summary Reports on Healthcare Information Services Stocks -- Medical Transcription Billing, Cerner, Veeva Systems, and Evolent Health

Tuesday, October 3, 2017 Corporate News
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NEW YORK, October 3, 2017 /PRNewswire/ --

If you want a Stock Review on MTBC, CERN, VEEV, or EVH then come over to

http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com shifts focus on Medical Transcription Billing Corp. (NASDAQ: MTBC), Cerner Corp. (NASDAQ: CERN), Veeva Systems Inc. (NYSE: VEEV),
and Evolent Health Inc. (NYSE: EVH). Healthcare Information Services include software solutions, clinical content, hardware, and devices that offer health care providers secure access to clinical, administrative, and financial data that can be used to boost quality, improve safety, and increase efficiency across the sector. Register now and get full and free access to these DailyStockTracker.com research reports at:


Medical Transcription Billing 

On Monday, shares in New Jersey headquartered Medical Transcription Billing Corp. recorded a trading volume of 110,561 shares. The stock ended at $1.51, rising 2.72% from the last trading session. The Company's shares have gained 6.34% in the last one month, 15.27% over the previous three months, and 108.28% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.99% and 28.12%, respectively. Furthermore, shares of Medical Transcription Billing, which provides an integrated suite of Web-based solutions and related business services to healthcare providers primarily in the US, have a Relative Strength Index (RSI) of 56.64.  

On September 28th, 2017, Medical Transcription Billing announced the closing of a public offering of 240,000 shares of its non-convertible Series A Cumulative Redeemable Perpetual Preferred Stock for $25 per share, for gross proceeds of $6 million. Access our complete research report on MTBC for free at:



Missouri headquartered Cerner Corp.'s stock finished yesterday's session 1.42% higher at $72.33. A total volume of 2.03 million shares was traded, which was above their three months average volume of 1.86 million shares. The Company's shares have gained 6.71% in the last one month, 10.43% over the previous three months, and 52.69% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.72% and 19.21%, respectively. Furthermore, shares of Cerner have an RSI of 69.61.  

On September 19th, 2017, research firm RBC Capital Markets initiated a 'Top Pick' rating on the Company's stock, with a target price of $84 per share.

On September 26th, 2017, Cerner announced that it will host nearly 14,000 health care industry leaders, practitioners, and Company associates for its annual Cerner Health Conference to be held on October 09th, 2017, to October 12th, 2017 in Kansas City, Missouri. During the four-day event, attendees from around the globe will network to share best practices and gain hands-on experience with the Company's innovative health care solutions and services. The complimentary research report on CERN can be downloaded at:


Veeva Systems 

At the close of trading on Monday, shares in California headquartered Veeva Systems Inc. climbed 1.19%, ending the day at $57.08. The stock recorded a trading volume of 1.10 million shares. The Company's shares have advanced 40.25% since the start of this year. The stock is trading 6.24% above its 200-day moving average. Moreover, shares of Veeva Systems, which provides cloud-based software for the life sciences industry in North America, Europe, Asia/Pacific, and internationally, have an RSI of 48.52.  

On September 13th, 2017, Veeva Systems announced that Cancer Research UK selected Veeva Vault eTMF to modernize its clinical trial processes. The organization currently sponsors and manages approximately 25 early-phase oncology trials through its Centre for Drug Development. By improving regulatory compliance and increasing efficiency through active trial master file (TMF) management, Cancer Research UK aims to optimize development of new treatments for patients with cancer. Register for free on DailyStockTracker.com and get access to the latest report on VEEV at:


Evolent Health 

Virginia headquartered Evolent Health Inc.'s shares ended the day 5.06% higher at $18.70. A total volume of 2.57 million shares was traded, which was above their three months average volume of 1.41 million shares. The stock has gained 11.98% in the last month and 26.35% on an YTD basis. The Company's shares are trading 2.69% below their 50-day moving average. Additionally, shares of Evolent Health have an RSI of 54.61.  

On September 20th, 2017, research firm KeyBanc Capital Markets initiated an 'Overweight' rating on the Company's stock, with a target price of $23 per share.

On September 27th, 2017, Evolent Health announced that it expects to significantly expand relationships with partners in Illinois and New Mexico. In Illinois, the Company expects to increase services to support a broader network, as CountyCare becomes one of the largest Medicaid managed care plans in the state. In New Mexico, the Company has entered into a unique agreement to acquire assets related to the commercial business from New Mexico Health Connections for $10.25 million in cash. Download your free research report on EVH at:



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