• Return to Headlines

Watch for Continued Gains in Shares of Servicenow Inc (NOW)

By James Quinn

Servicenow Inc (NYSE:NOW) traded today at a new 52-week high of $190.36. This new high was reached on below average trading volume as 326,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

In the past 52 weeks, shares of Servicenow Inc have traded between a low of $103.00 and a high of $190.36 and are now at $190.26, which is 85% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.7%.

Based on a current price of $190.26, Servicenow Inc is currently 2.6% above its average consensus analyst price target of $185.34. The stock should discover initial support at its 50-day moving average (MA) of $177.48 and subsequent support at its 200-day MA of $150.92.

ServiceNow, Inc. provides enterprise information technology (IT) management software. The Company designs, develops, and produces prepackaged computer software, cloud services, and IT service management platform. ServiceNow serves customers throughout the United States.

SmarTrend is monitoring the recent change of momentum in Servicenow Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Servicenow Inc in search of a potential trend change.

Keywords: 52 week high/lows servicenow inc

Ticker(s): NOW