Oct. 2 at 8:14 PM
$NOW ServiceNow struggles as the broader market hits highs. The stock’s post-earnings rally failed in late July, suggesting negative long-term sentiment. After bottoming below
$850, NOW recovered to around
$975, forming a bearish flag pattern that now appears to be breaking. Recent peaks stalled at the 200-day SMA, and a death cross occurred in mid-August—both indicating longer-term bearishness. With a 52-week low of
$678.66 set in April, traders may watch for a retest if selling intensifies.