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Bullish Moving Average Cross by Servicenow Inc (NOW)

By Shiri Gupta

Today, shares of Servicenow Inc (NYSE:NOW) have advanced above their 10-day MA of $271.37 on a volume of 136K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Servicenow Inc share prices have moved between a 52-week high of $281.51 and a 52-week low of $147.63 and are now trading 86% above that low price at $274.57 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Servicenow Inc on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $179.89. Since that recommendation, shares of Servicenow Inc have risen 50.8%. We continue to monitor NOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses servicenow inc

Ticker(s): NOW