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NOW ServiceNow

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  • 1124.980
  • -9.220-0.81%
Close Jan 24 16:00 ET
  • 1124.980
  • 0.0000.00%
Post 20:01 ET
232.10BMarket Cap175.23P/E (TTM)
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Comments

    $ServiceNow (NOW.US)$ PE very high at 167
    1
    $ServiceNow (NOW.US)$ history does repeat itself
    December 13th which seems a lifetime ago yet it was just one week, I said that service now was trading too far above its 20-day moving average and 100% of the time that it had reached a point above its 20-day to the extent that it was it always corrected. I said I didn't know what the catalyst would be but it would come down to its 20 day and might go through it.
    yesterday was that catalyst so if you believe  what Dan Ives is saying.. that it's 1...
    1
    $ServiceNow (NOW.US)$ servicenow picked up a downgrade this morning and the stocks down 15 pre-market. this was strictly on valuation not on fundamentals.
    if you pull a one-year chart on service now and have a 20-day moving average you'll see any time it has traded to the extent that we are right now above it's 20-day moving average it has always 100% of the time corrected and come back down to touch the moving average
    so very realistically it will consolidate down to 1076 -1085, if you don't o...
    1
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