ServiceNow saw an improvement in its IBD SmartSelect Composite Rating Monday, from 93 to 98. It also shows an increase on the RS Line to 78.
The new score means the company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
ServiceNow is currently forming a consolidation, with a 494.72 entry. See if the stock can break out in volume at least 40% higher than normal.
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The stock sports a 99 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 56% EPS gain for Q4. That means it's now generated three straight quarters of rising EPS growth. Top line growth came in at 20%, down from 21% in the prior quarter.
ServiceNow holds the No. 2 rank among its peers in the Computer Software-Enterprise industry group. Asure Software is the No. 1-ranked stock within the group.
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