Key Takeaways
- ServiceNow shares jumped more than 10% in extended trading on Wednesday after the enterprise software provider posted better-than-expected quarterly results and issued a rosy subscription revenue outlook.
- The stock broke out above the upper trendline of a descending channel in Wednesday’s regular trading session, setting the stage for a bullish trend reversal.
- Investors should watch crucial overhead areas on ServiceNow’s chart around $900, $1,000, and $1,160, while also eyeing an important support level near $807.
ServiceNow (NOW) shares surged in extended trading on Wednesday after the enterprise software provider posted better-than-expected quarterly results and issued a subscription revenue outlook that surpassed Wall…
