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Servicenow Inc Crosses Above its 10-day MA (NOW)

By David Diaz

Today, shares of Servicenow Inc (NYSE:NOW) have advanced above their 10-day MA of $258.80 on a volume of 640K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Servicenow Inc share prices have been bracketed by a low of $147.63 and a high of $303.17 and are now at $264.01, 79% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Servicenow Inc on July 31st, 2019 by issuing a Downtrend alert when the shares were trading at $277.55. Since that call, shares of Servicenow Inc have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses servicenow inc

Ticker(s): NOW