ServiceNow had its Relative Strength (RS) Rating upgraded from 69 to 74 Thursday — a welcome improvement, but still short of the 80 or better score you look for.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves. See if ServiceNow can continue to rebound and clear that threshold.
ServiceNow is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could launch a new move.
The company showed 18% EPS growth in the latest quarterly report. Revenue rose 19%. Look for the next report on or around Jul. 23.
The company earns the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Shopify are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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