ServiceNow Inc. (NOW) is a software company that provides a cloud-based platform for automating IT management workflows. ServiceNow shares made an upside breakout from a base pattern last month. Let's check out the moving averages and indicators for an area to go long.
In this daily bar chart of NOW, below, I can see how the chart and indicators have strengthened since October. The moving averages have bottomed and turned higher. In early May there was a pullback and retest of the 200-day line that was a buying opportunity in hindsight. The daily On-Balance-Volume (OBV) line shows a rising trend since October, telling us that buyers have been more aggressive than sellers. The trading volume shows an increase from September. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line in bullish territory.



