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Servicenow Inc Set to Possibly Pullback After Yesterday's Rally of 2.98%

By James Quinn

Servicenow Inc (NYSE:NOW) traded in a range yesterday that spanned from a low of $188.74 to a high of $193.42. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $188.18 on volume of 943,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Servicenow Inc have traded between a low of $103.00 and a high of $193.42 and are now at $192.90, which is 87% above that low price. The 200-day and 50-day moving averages have moved 0.71% higher and 0.72% higher over the past week, respectively.

Keywords: rebounders servicenow inc

Ticker(s): NOW