On the surface, cloud computing platform specialist ServiceNow (NOW) appears disastrous. Once one of the bright names in tech, NOW stock has given up almost 21% of value over the past 52 weeks. Since the start of this year, the security has fallen nearly 19%. Not surprisingly, the Barchart Technical Opinion indicator rates shares as an 80% Strong Sell.
Looking at the Top Trade Alerts, the last signal flashed around mid-November, which of course was a Sell. And because this alert is based off moving average crossovers, it may take a while for NOW stock to see a Buy rating. However, for the most aggressive speculator, there’s a chance to extract some profits prior to the rest of the market catching on.
