NOW: 10%+ Growth Potential Post EarningsFirst off, please don't take anything I say seriously or at face value. As always, this is on opinion basis. That being said, let us get into my reasoning behind being bullish on Servicenow. Servicenow is expected by many to beat its earnings call the upcoming week, which could lead to a positive wave correlation. I think conservatively, it should pass the $320 price point and may even quickly surpass a $330 or $335 price point as well. As a short calling, I think this wouldn't be too high risk, but what happens seems to primarily depend on if Servicenow meets expectations. Is it worth buying prior or the risk? I think so.
NOWS trade ideas
volume and priceup with volume worked for me for most of the time, but these days i realize if it is too obvious, it is not going to work. Especially those popular leader stocks. like VRTX last time was up with volume (4/6/2020) but it consolidated for the next three days and triggered the stop lost. when it is too obvious it not going to work, consolidation is not that bad.
Swing NOWName Servicenow Inc
Symbol NOW
Price to Activate $357.01
Stop Loss $332.01
1st Target $385.57
2nd Target $428.41
The Market closed down today. The S&P 500 Index hit a new high. After hours NVDA is up over 6%. NVDA is up over 19% in our portfolio. Our stock pick for tomorrow is NOW. Have a great evening and happy trading!
- Bernard
Service now on breakout watchlist Entry level $295 - Target price $331 = Stop loss $287
Possible breakout imminent above $300.
Short term target at multiple Fibonacci levels.
all indicators bullish and rising but needs some significant volume to breakout past previous high $304.
A strong market could see the stock hit $375.
Is now the time to long Servicenow ? Entry level on breakout from a possible inverse head&shoulders pattern.
Await to see if volume picks up and await a back test for entry.
Golden cross completed confirming bullish mentality
Company profile
ServiceNow, Inc. engages in the provision of enterprise cloud computing solutions. It offers customer and facilities service management, orchestration core, service mapping, cloud and portfolio management, edge encryption, performance analytics, service portal designer, visual task boards and configuration management database. The firm offers its solutions for the industries under the categories of Healthcare, Education, Government and Financial services. The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, CA.
$NOW To much action to handle for investors in Service NowOMG the action in NYSE:NOW is the reason why we love and hate trading, surly multiple stop losses got hit on the sudden drop and then we see the stock rally back up 23% from the lows.
Today the company posted quarterly earnings of $0.99 per share, Estimate of $0.89 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 11.24%. A quarter ago, it was expected that this maker of software that automates companies' technology operations would post earnings of $0.64 per share when it actually produced earnings of $0.71, delivering a surprise of 10.94%.
New Ceo is taking over a very strong company and brings a wealth of experience and contacts which will boost the company internationally.