ServiceNow - Chart Of The Day

The Barchart Chart of the Day belongs to the IT services company ServiceNow (NOW). I added this stock to my personal portfolio today. I found the stock by using Barchart's powerful screening tools to make a like of the stocks with the highest Weighted Alpha and technical buy signals, hen sorted the list by the most frequent number of new highs in the last month. Next I used the Flipchart feature to review the charts for consistent price appreciation.Since the Trend Spotter signaled a buy on 11/19 the stock gained 21.78%.

ServiceNow, Inc. provides cloud-based services that automate enterprise IT operations. The Company's service includes a suite of applications built on its platform that automates workflow and integrates related business processes. It focuses on transforming enterprise IT by automating and standardizing business processes and consolidating IT across the global enterprise. ServiceNow, Inc. is based in San Diego, California.

NOW ServiceNow

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 53.18+ Weighted Alpha
  • 74.35% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 19.80% in the last month
  • 79.30% Relative Strength Index
  • Technical support level at 334.07
  • Recently traded at 338.23 with a 50 day moving average of 290.37

Fundamental factors:

  • Market Cap $64.06 billion
  • P/E 549.00
  • Revenue expected to grow 28.70% this year and another 26.00% next year
  • Earnings estimated to increase 27.70% this year, an additional 30.70% next year and continue to compound at an annual rate of 29.01% for the next 5 years
  • Wall Street analysts issued 13 strong buy, 17 buy and 4 hold recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 173 to 33 that the stock will beat the market
  • 30,370 investors are monitoring the stock on Seeking Alpha

 

Disclosure: I personally bought this stock today 

Disclosure: I am/we are long NOW.

Disclosure: None.

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