On Friday, ServiceNow received a positive adjustment to its Relative Strength (RS) Rating, from 89 to 92.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 at the beginning of a new run.
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The IBD 50 stock has risen more than 5% past a 485.68 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth fell last quarter from 56% to 37%. But sales moved higher, from 20% to 22%.
ServiceNow holds the No. 1 rank among its peers in the Computer Software-Enterprise industry group. Dynatrace is also among the group's highest-rated stocks.
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