One important metric to look for in a stock is an 80 or higher Relative Strength Rating. ServiceNow cleared that benchmark Thursday, with a jump from 80 to 83 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
ServiceNow is building a cup with handle with a 1,046.00 entry. See if the stock can break out in volume at least 40% higher than normal.
The company reported 18% earnings growth last quarter, while sales growth came in at 19%. The company is expected to report its latest results on or around Jul. 23.
The company holds the No. 4 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the top-ranked stock 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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