• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Servicenow Inc After 2.27% Gain

By David Diaz

Servicenow Inc (NYSE:NOW) traded in a range yesterday that spanned from a low of $266.31 to a high of $270.70. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $268.37 on volume of 436,000 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 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 $303.17 and is now at $269.17, 82% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has declined 0.6%.

Keywords: rebounders servicenow inc

Ticker(s): NOW