The Relative Strength (RS) Rating for ServiceNow moved into a higher percentile Tuesday, as it got a lift from 66 to 75. If you were watching IBD Live today, you may have heard it discussed towards the end of the show during The Lightning Round!
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 market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 as they begin their largest climbs. See if ServiceNow can continue to show renewed price strength and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
The IBD Big Cap 20 stock is trying to complete a cup with handle with a 485.68 buy point. See if it can clear the breakout price in volume at least 40% above average, especially now that earning worries are behind it.
Earnings Report
While the company's bottom line growth fell last quarter from 56% to 37%, revenue grew 22%, up from 20% in the prior report.
ServiceNow earns the No. 1 rank among its peers in the Computer Software-Enterprise industry group. This group is currently number 38 out of 197 groups.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
