During Tuesday night's Mad Money program host Jim Cramer said investors can still buy some big pharma names and some high-yielding utilities. He also added high-growth tech names to the buy list, including ServiceNow (NOW) .
Let's check out the charts of this software service provider.
In the daily bar chart of NOW, below, we can see that prices have weakened since the middle of February but the stock is not down as much as many other names we have written about in the past few weeks. Yes, prices are below the cresting 50-day simple moving average line. So far NOW has not tested nor broken below the rising 200-day moving average line -- not many names can say that.
The daily On-Balance-Volume (OBV) line has only come down a little from its February high telling us that sellers of NOW have not become aggressive. The Moving Average Convergence Divergence (MACD) oscillator is now down to the zero line so we could soon see an outright sell signal.