Crowdstrike (CRWD)

We got a question on CRWD, which is a stock we have been watching as it has pulled back.

CrowdStrike Holdings, Inc. (CRWD) is a cyber cybersecurity stock that remains constructive within absolute and relative price uptrends despite the stock's recent pullback. The stock is holding its rising 26- and 40-week moving averages at 438–416, which align with the 38.2% and 50% retracements of the April–July rally at 434–408. These levels plus the recent low at 402.66 reinforce the low 400s as an important support zone.

A sustained move above nearby resistance and the 13-week moving average at 448–452 would confirm 402.66 as another higher low within an ongoing uptrend. Upside targets under this scenario include the July peak at 518, followed by the 61.8% extension at 538 and then the 100% extension at 622.

If CRWD fails to hold current levels, the 61.8% retracement of the April-July rally offers additional support is near 382.

Chart1: CrowdStrike Holdings, Inc. (CRWD)