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Servicenow Inc Set to Possibly Rebound After Yesterday's Selloff of 3.17%

By David Diaz

Servicenow Inc (NYSE:NOW) traded in a range yesterday that spanned from a low of $252.85 to a high of $258.95. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $257.81 on volume of 627,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Servicenow Inc share prices have moved between a 52-week high of $303.17 and a 52-week low of $147.63 and are now trading 71% above that low price at $253.15 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.

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: rebounders servicenow inc

Ticker(s): NOW