NOW has retested its old breakout level of $275. If it can hold a green candle but the close we can see a retest of the high at $293 with a potential stretch even higher. Retests give a second opportunity to get into stock after a breakout and give the momentum to go above the old breakout high.
Potential breakout above moderate support zone. If the price can hold above zone can have strong support while waiting for a breakout or selling a spread.
NOW has released earnings few days ago with a surprise of around 95%!!! From yahoo finance news release we can read that the company is currently in the business of digitizing corporate operations but this represents just a little fraction of what the automation market will cover. ServiceNow will be the leader in the automation revolution and should achieve huge...
This is a long term investments
SL- red lines
TP- green lines
* please note that the overall market is in a critical point ( high risk) so please keep your stop loss in place.
G luck!
testing 200 day
Zacks Rank: 3-Hold 3 Style Scores: F Value | A Growth | A Momentum | B VGM Industry Rank: Bottom 34%(168 out of 255) Industry: Computers - IT Services
ServiceNow, Inc. is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments. The platform also enables customers to create, by themselves or with its partners, their own service-oriented business applications throughout the enterprise. The Company delivers its software through the Internet as a service. It markets its services to enterprises in a range of industries, including financial services, consumer products, information technology services, healthcare, government, education and technology. It operates data centers in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.
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NOW
