NOW March 22, 24: Huge Volume on Down Moves

BATS:NOW   ServiceNow, Inc.
From the low in November 23, NOW has been going up quite well, 40% from $550 to $775.

I myself also made a trade which was not successful (see in the related ideas section for details).

However what made me to be more cautious is that there are so many down days with huge volume, while volume during up days were very normal.

Maybe NOW will still go up because if looking at its key moving averages MA-50/150/200 the trend is still up for the stock, and the overall market is still in uptrend. But I will prefer other stocks with better volume characters.


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