• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing

A 6-Month Consolidation on CrowdStrike Is Drawing to an End

Let's review the charts and indicators.
By BRUCE KAMICH
Jun 02, 2021 | 02:08 PM EDT
Stocks quotes in this article: CRWD

CrowdStrike (CRWD) is due to report its latest quarterly results on Thursday after the close. We looked at CRWD on March 17  and wrote that, "Yes the need for cybersecurity is probably greater than ever, but that need may already be discounted in the price action. I remain cautious on CRWD." 

 
Let's visit the charts again. 
 
In this updated daily bar chart of CRWD, below, we can see that prices have mostly traded sideways since our mid-March review. Prices have survived two good tests of the rising 200-day moving average line. A test in late March and another in early May. Prices are currently above the rising 50-day moving average line.
 
The daily On-Balance-Volume (OBV) line has moved generally lower since February. The Moving Average Convergence Divergence (MACD) oscillator has just moved above the zero line for a fresh buy signal. 
 
 
 
In this weekly Japanese candlestick chart of CRWD, below, we see a positive-looking set-up. Prices are in an uptrend above the rising 40-week moving average line. There are some lower shadows in recent months as traders have rejected the lows near the 40-week moving average line.
 
The weekly OBV line is positive and close to making a new high to confirm the price gains. The weekly MACD oscillator has narrowed and is close to a bullish crossover and buy signal. 
 
 
In this daily Point and Figure chart of CRWD, below, we can see a nearby price target of $235. While this target is not far away it is a key breakout and should refresh the uptrend.  
 
 
In this weekly Point and Figure chart of CRWD, below, we see a potential price target of $333. 
 
 
Bottom line strategy: The charts of CRWD have improved from March and they now look ready to charge higher. Traders could go long CRWD ahead of earnings Thursday risking to $195. The $333 area is our price target. 
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Markets | Stocks | Technical Analysis | Trading | Cybersecurity | Technology

More from Investing

A Hawkish Fed Will Make a V-Shaped Bounce Difficult to Sustain

James "Rev Shark" DePorre
Jun 27, 2022 8:15 AM EDT

Such bounces seemingly have been the norm for a while, but circumstances this time are quite different than any time since 2008-2009.

Let's Check Nike's Charts Ahead of Monday's Earnings

Bruce Kamich
Jun 27, 2022 8:12 AM EDT

Here's what traders who are still long NKE could continue to do.

India's Equity Market Sees Foreign Investors Sell at Record Rate

Alex Frew McMillan
Jun 27, 2022 8:00 AM EDT

After two years of strong buying, international investors are now dumping Indian stocks as they look to capture gains.

Russia Defaults, G7, NATO, Market Catalyst, Earnings, Trading Wells Fargo

Stephen Guilfoyle
Jun 27, 2022 7:40 AM EDT

This is the first actual Russian default on foreign denominated debt since the Bolsheviks repudiated the Czar's debt-load in 1918.

Investors Bullish as Growth/Tech Stocks Rally

Helene Meisler
Jun 27, 2022 6:00 AM EDT

A rally of growth/tech stocks is the best way to convert skeptics.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 12:04 AM EDT PAUL PRICE

    Two Good Signs -- Especially for Small-Cap Investors

  • 12:10 AM EDT PAUL PRICE

    More Insider Buying in American Woodmark (AMWD)

    American Woodmark , which I've discussed here fr...
  • 08:55 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    The 10 personality traits of successful traders an...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login