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  • Writer's pictureT. Livingston

$NOW- Very Tight Action

Updated: Aug 17, 2020

ServiceNow, $NOW, has been on a strong run the past two months. What has really impressed me though, is the lack of movement and tight action recently. The past three weeks has seen three weeks of tight closes, something William O'Neil always liked to see when looking at a chart. The absence of any major selling in $NOW even after running strongly higher is a positive sign. It may need another week or so to let the 10-week catch up, but this stock is definitely worth watching for a strong breakout on heavy volume above the $400 level.

Full Disclosure: ServiceNow is a stock I currently own.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.

1 Comment

Jun 13, 2020

Software stocks have been really strong

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