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Possible Trend Reversal, Servicenow Inc Down on Heavy Volume (NOW)

By David Diaz

The price of Servicenow Inc shares has slipped to $279.90 (a -2.9% change) on heavy trading volume. Approximately 2.6 million shares have changed hands today vs. average 30-day volume of 1.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Over the past year, Servicenow Inc has traded in a range of $147.63 to $275.20 and is now at $273.96, 86% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

Keywords: unusual volume servicenow inc

Ticker(s): NOW