NEW YORK – ServiceNow Inc. (NYSE: NOW) delivered a powerful performance for investors on Thursday, closing the trading day with significant gains and signaling strong bullish sentiment heading into next week. The cloud computing giant ended the session at
10.98 (1.09%) for the day.
The session was a showcase of market resilience and investor confidence. After opening at $1,012.78, the stock faced early pressure, dipping to a low of $994.50. However, buyers stepped in decisively, rejecting the move below the key $1,000 psychological level.
This dip-buying activity triggered an impressive rally throughout the day, pushing the stock to a high of $1,033.03 before settling for its strong close. This robust recovery and powerful finish, well above the previous day’s close of $1,011.44, is a classic technical indicator that traders view favorably.
What This Means for Monday:
The strong close suggests that momentum is firmly on the side of the bulls. By successfully defending the $1,000 price point and closing near the top of its daily range, ServiceNow has established a solid foundation for further gains. Investors will be watching closely on Monday morning to see if this positive sentiment carries over, potentially driving the stock to challenge its recent highs. Given the strength and conviction seen in Thursday’s trading, the outlook for a positive start to the new week appears bright for ServiceNow.
