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After Yesterday's Rally of 1.51% Shares Could Potentially Pullback

By Amy Schwartz

Servicenow Inc (NYSE:NOW) traded in a range yesterday that spanned from a low of $169.38 to a high of $174.18. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $171.91 on volume of 592,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Servicenow Inc share prices have been bracketed by a low of $63.51 and a high of $174.18 and are now at $173.30, 173% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.0%.

SmarTrend recommended that subscribers consider buying shares of Servicenow Inc on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $153.68. Since that recommendation, shares of Servicenow Inc have risen 11.3%. We continue to monitor NOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders servicenow inc

Ticker(s): NOW