You should watch Service Now, now. $NOW – November 6, 2023
This is Scott with your Chart of the Day. A really quick one here from ServiceNow ( NYSE: NOW ).
Now, Now ( NYSE: NOW ), pun intended, has been going sideways for a couple of months. Since June it’s really just, kind of, chopped around but it’s had a pretty clear resistance zone up here in the 615.00 region.
You can see how it got around that area in July, it pulled back. It got up there again in September, pulled back, and right now we’re just underneath. And so I’m pretty certain that that’s a pretty important level that sellers, anyone that is selling the stock, could be trading against,
So I want to look for a breakout above 615.20 and then look for a strong move through that level, coming on volume. The last couple of days this stock has had some really good volume. Higher than-average volume following, what looks to be a positive earnings report
I think ServiceNow ( NYSE: NOW ) is one you can watch now for a breakout later. When? I don’t know, that’s why we are setting an alert.
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