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SmarTrend Watching for Potential Pullback in Shares of Servicenow Inc After 2.86% Gain

By David Diaz

Servicenow Inc (NYSE:NOW) traded in a range yesterday that spanned from a low of $182.51 to a high of $187.23. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $183.95 on volume of 898,000 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 $187.39 and a 52-week low of $99.01 and are now trading 88% above that low price at $186.60 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Servicenow Inc on May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $174.37. Since that recommendation, shares of Servicenow Inc have risen 3.9%. We continue to monitor NOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders servicenow inc

Ticker(s): NOW