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Shares of Now Inc Has Fallen Below Previous 52-Week Low

By James Quinn

Now Inc (NYSE:DNOW) traded at a new 52-week low today of $12.26. So far today approximately 110,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

In the past 52 weeks, shares of Now Inc have traded between the current low of $12.26 and a high of $23.53 and are now at $12.46. The 200-day and 50-day moving averages have moved 0.18% lower and 1.39% higher over the past week, respectively.

There is potential upside of 65.3% for shares of Now Inc based on a current price of $12.46 and an average consensus analyst price target of $20.60. The stock should find initial resistance at its 200-day moving average (MA) of $16.55 and further resistance at its 50-day MA of $17.66.

NOW Inc. distributes oil drilling equipment across the globe. The Company provides maintenance, repair, and operating supplies for the global energy and industrial markets.

SmarTrend recommended that its subscribers protect gains by selling shares of Now Inc on April 20th, 2017 by issuing a Downtrend alert when the shares were trading at $16.49. Since that call, shares of Now Inc have fallen 25.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows now inc

Ticker(s): DNOW