ServiceNow saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 61 to 78.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if ServiceNow can continue to show renewed price strength and clear that threshold.
See How IBD Helps You Make More Money In Stocks
The IBD Big Cap 20 stock is working on a consolidation with a 494.72 entry. It is down slightly today after a big move up on Friday. See if the stock continues to move higher and breaks out in heavy trade.
Earnings Update
Earnings growth picked up last quarter from 26% to 56%. But sales fell from 21% to 20%. The company is expected to report its latest results on or around Apr. 26.
The company holds the No. 1 rank among its peers in the Computer Software-Enterprise industry group.
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