ServiceNow (NOW) Shares are Up 2.2%

ServiceNow (NOW) : Traders are bullish on ServiceNow (NOW) as it has outperformed the S&P 500 by a wide margin of 4.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.2% in the last 1 week, and is up 3.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.76% and the 50-Day Moving Average is 5.68%.The 200 Day SMA reached 13.15%


ServiceNow (NYSE:NOW): After opening at $78.76, the stock dipped to an intraday low of $78.06 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $79.7 and the buying power remained strong till the end. The stock closed at $79.15 for the day, a gain of 0.85% for the day session. The total traded volume was 1,568,362. The stocks close on the previous trading day was $79.15.

ServiceNow (NOW) : The consensus price target for ServiceNow (NOW) is $84.68 for the short term with a standard deviation of $7.85. The most optimist securities analyst among the 19 who monitor the stock believes that the stock can reach $102, however, the pessimist price target for the company is $70.

ServiceNow, Inc. is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization, including IT, human resources (HR), facilities, field service, marketing, legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries, including financial services, consumer products, IT services, health care and technology. The Company offers a portfolio of services, including Professional Services, Education Services and Customer Support. The Company provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.

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