$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.
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