ServiceNow, Inc.

Looking like it might try and breakout

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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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