My downside target is $325
$ServiceNow (NOW.US)$ Highly expesive stock. Risk reward ration is negative if it's above $500. Between $330-550, the risk reward ration is nutral, but it will become attractive only when this slides below $325. Now my downside side target is $325. If it will trader above this price, then there are too many other stocks in this sector where price and valuation are very attractive.
My research and analysis are not advice or recommendations. It's for information and knowledge purposes only. Any research , analysis, information, or other material received should not be construed as individualized investment advice. Investment decisions should be made as part of an overall portfolio strategy, and you should consult with a professional financial advisor, legal and tax advisor prior to making any investment decision.
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