When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. ServiceNow is one stock that just reached the mark, now earning a score of 83.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they launch their biggest price moves.
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ServiceNow is building a consolidation with an 815.32 entry. See if it can clear the breakout price in heavy trading. Keep in mind that it's a later-stage consolidation, and those entail more risk.
Earnings growth rose last quarter from 36% to 44%. But sales fell from 26% to 24%. Look for the next report on or around Jul. 24.
ServiceNow holds the No. 3 rank among its peers in the Computer Software-Enterprise industry group. Magnite is the top-ranked stock within the group.
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