Dave BarnhartFounder, Moby Tick Trading · Founder at Moby Tick Trading

ServiceNow new ATH after earnings: Stocks to Trade Today #shorts

3 Sept 2026 · 2 min

Watch on YouTube

1:59

In this YouTube short, Dave Barnhart provides a rapid, data‑driven commentary on ServiceNow (NOW) after it surged to a new all‑time high following its earnings release. He reviews the last 30 days of price action, highlighting the ten largest institutional trades (ranging from $90K to $160K) and the pattern of white‑line volume spikes that indicate institutions adding to positions. Barnhart points out a notable inverted‑hammer candle on the day before earnings and the subsequent $72‑$73 price jump that lifted the stock from its 52‑week high of $341.95 to $378.80. He then outlines an intraday trading framework: bullish momentum is confirmed above $381, with key resistance levels at $3.8250, $3.85, $3.8650, $3.8750, $3.90, $3.9250, and $3.95 (scaled to $381‑$395). He notes the ATR is about $12, meaning the move already represents six ATR multiples. The stock is riding the 4‑period (red) and 8‑period (blue) moving averages, suggesting continued short‑term strength. Conversely, bearish territory is defined below $377, with target zones at $375, $372.50, $371.10, $370, $367.50, $365, $362.50, and $360. Barnhart emphasizes that as long as the price stays above the short‑term moving averages, there is no immediate reason to exit the bullish position, while a break below $377 would trigger a short‑term sell‑off.

Chapters

All right, ServiceNow, new all-time high. Look at this. Well, look at the prints in the last 30 days, and it was a little bit sneaky. So we've got lots of— these are the 10 largest trades here, so you can see like $100Ks, $160Ks, $90Ks. And so here, August 11th, we just have these wicks on top. We pulled back, and then around August 21st, we have this consolidation. And getting closer to earnings, August 27th, look at all of this Look at all these white lines in here. This is all institutions either adding to their position or whatever, but this was sneaky. Look at this the day before earnings. Look at that volume inverted hammer at the bottom. Not sure who's going short at that, but it looks a little bit tricky. And then boom, we're up $72, almost $73 today on that new all-time high. 52-week high was $341.95. We're at $378.80. So let's go ahead and see if we can trade this intraday. We're going to be bullish above $381. We've got this candle here, which is $380.50. was the high. Let's just break above $3.81, the dollar level. $3.8250, $3.85, $3.8650, $3.8750, $3.90, $3.9250, $3.95. I've just— there's nothing. It's just all new discovery territory. So I broke this out to the, like, the $1.25 and the $2.50 levels. The ATR in this one's about $12, and so 6 times 12, we've already moved 6 times that so far. So anyway, it can move. Just, we're riding this 4 and 8 Moving average here, blue. The blue one's the eight. The red one's the four. So if we're continuing on with that and it's holding, then there's no reason to get out for the short-term momentum. All right, we're going to be bearish below 377. Let's get below here. Target 375, 372.50, 371.10 is R5. Then we've got 370, 367.50 sitting here. Then we've got 365, 362.50, 360. So that'd get us all the way back to here. So similar thing if you're riding the four and the eight.