ServiceNow had its Relative Strength (RS) Rating upgraded from 62 to 80 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest price moves.
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ServiceNow Stock is working on a consolidation with a 707.70 entry. See if the stock can clear the breakout price in heavy trading, as this market searches for an uptrend. Tech is not the current leader in the market, but that may change at any time.
The company reported 25% EPS growth last quarter, while sales growth came in at 29%.
ServiceNow earns the No. 4 rank among its peers in the Computer Software-Enterprise industry group. Concentrix Corp and Zendesk are also among the group's highest-rated stocks.
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