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N1OW34 trade ideas

NOW failed to break neckline on head & shoulders= DEATH CROSS!!!Death cross officially printed last week, along with the Nasdaq. This is a SELL signal! Next stop $480. The PE has come all the way down to 491 lol. As multiples continue to compress on these high flyers this stock has a long road to go with many bounces and failed attempts to rally. Without help of the fed's perpetual 14 years of QE and artificially low interest rates these companies will have to learn to live within a budget without benefit endless free cash in this mother of all bubbles stock market casino!
NYSE:NOWShort
by ShortSeller76
1
Zigzag on NOW. NOWGoals 474, 424. Invalidation at 781 We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:NOWShort
by Rykin_Capital
ServiceNow Hits Resistance After EarningsServiceNow is exactly the type of cloud-computing growth stock that benefited from the pandemic. Is it now rolling over as the crisis fades? Consider the dive under $500 in January. NOW rebounded on strong quarterly results and an upgrade from Piper Sandler last week. Yet, prices failed to reclaim $600. That level could be important because it’s near two lows in December. It’s also near the 200-day simple moving average (SMA). Speaking of the 200-day SMA, the 50-day SMA is falling toward that key line: a potential “death cross.” Third, notice how stochastics are sliding back from an overbought condition. Finally, you have the valuation argument because NOW trades for about 475 times earnings. (Near the top of the overall S&P 500, according to TradeStation data.) That’s a potential headwind given the rising interest-rate environment. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:NOW
by TradeStation
14
NOW head & shoulders 510 PE ratioYes, the quarter growth was impressive, but on 5.9b in annual sales revenue and a mere $230m in NET INCOME with a $114.3 billion market cap. It will take 495 years of net income to catch up to this market cap. There's no bubbles here, just keep buying!!!! We are in a bear market, accept it or not. This stock is going to have a very difficult time breaking past the neckline and printing any new highs in this environment. Nearest profitable competitor CRM has twice the market cap but 1/4th the PE. When insiders are selling SO SHOULD YOU!! finance.yahoo.com
NYSE:NOWShort
by ShortSeller76
Swing puts on a highly overvalued software stock(thank you @ShortSeller76 for this idea) Since I do not follow this stock and am buying options on it for the first time, I am keeping very small positions. Also the volumes are low and spreads are wide, so this is further reason to use less capital. I am keeping my capital risk low while the reward potential high. According to my brokerage data, this stock is 88% institutional owned so selling could mean heavy selling, the stock is overvalued, and its high earnings surprises over past year may indicate peak growth. Daily chart: > Price is up against 200sma, while 10sma is still under 20sma > RSI jumped from under 30 to test 50 thus far but I expect it to reverse down since RSI went under 33.33. > Stochastic %K gave a bullish warning in its rise between 26-28 Jan, and usually it reverses down before rising again. I stress - this is an indication, not a prediction. > Technically, I see good reason to buy puts with stock between 580 and 588.40. 30min chart: > 588 is a reversal area after a 5-wave move up > RSI shows the 3 price peaks (rectangle) in this move, and in this case the move up is counter to the daily downtrending ma's > Stochastic %D is above 80 again and should turn down soon. Taken altogether, my ideal trade would be to hold this as a longer swing down for the stock to reprice after future earnings. However I could be wrong about this and options are too expensive that far out. This stock may also reprice lower if markets sell off more. Due to theta decay and unpredictable IV-based changes, and to manage risk, I am using two different expiries. The TRADE: > BTO 4Feb 550 puts at $3.20 > BTO 18Mar 450 puts at $5.40 > Exit 4Feb puts if stock goes over high of day.
NYSE:NOWShort
by OptionsRising
6