Option_Traders

Looking like it might try and breakout

NYSE:NOW   ServiceNow, Inc.
Software stocks were on a tear last week. Even while market was cooling off there were a lot of software stocks making new swing highs. Posted $SHOP last week. $NET $TEAM had nice moves after ER's. If market wants to go sideways again and just not fall then keep an eye on software. That would be week one of a possible reversal. Dont want to jump the gun there but I like the way the charts are shaping up.

$NOW has downtrend line break as well as the top of the range right above it. If that breaks this should have a nice move higher. Keep it on watch next week.

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