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

By David Diaz

Servicenow Inc (NYSE:NOW) crossed under its 10-day moving average of $294.57 on a volume of 1.8 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Servicenow Inc has traded in a range of $147.63 to $303.17 and is now at $285.00, 93% above that low. The 200-day and 50-day moving averages have moved 0.68% higher and 0.55% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Servicenow Inc on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $278.08. Since that recommendation, shares of Servicenow Inc have risen 6.9%. 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