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Bullish Moving Average Cross by Servicenow Inc (NOW)

By James Quinn

Servicenow Inc (NYSE:NOW) crossed over its 10-day moving average of $182.21 on a volume of 379K 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.

In the past 52 weeks, shares of Servicenow Inc have traded between a low of $99.01 and a high of $187.39 and are now at $185.81, which is 88% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.7%.

SmarTrend recommended that subscribers consider buying shares of Servicenow Inc on May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $174.37. Since that recommendation, shares of Servicenow Inc have risen 3.9%. 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