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After Yesterday's Rally of 1.58% Shares Could Potentially Pullback

By James Quinn

Servicenow Inc (NYSE:NOW) traded in a range yesterday that spanned from a low of $176.01 to a high of $179.85. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $177.49 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Servicenow Inc share prices have moved between a 52-week high of $182.59 and a 52-week low of $99.01 and are now trading 81% above that low price at $179.02 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 1.2%.

SmarTrend is tracking the current trend status for Servicenow Inc and will alert subscribers who have NOW in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders servicenow inc

Ticker(s): NOW