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Watch for Servicenow Inc to Potentially Rebound After Falling 2.12% Yesterday

By James Quinn

Servicenow Inc (NYSE:NOW) traded in a range yesterday that spanned from a low of $277.03 to a high of $283.00. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $277.85 on volume of 208,000 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 $158.00 and are now trading 75% above that low price at $277.03 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

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.

Keywords: rebounders servicenow inc

Ticker(s): NOW