ServiceNow stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 77 to 81.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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Is ServiceNow Stock A Buy?
The IBD Big Cap 20 stock is trying to complete a cup with handle with a 485.68 entry. See if the stock can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
EPS growth dropped in the company's most recent report from 56% to 37%, but sales rose from 20% to 22%.
ServiceNow stock earns the No. 1 rank among its peers in the Computer Software-Enterprise industry group.
