CrowdStrike Holdings (CRWD) was rated a new "Buy" recommendation with a $200 price target by sell-side firm HSBC Friday. Let's review the charts and indicators to see if this is indeed a good time to go long CRWD. In my Aug. 28 review of CRWD, I recommended avoiding the long side of CRWD.
In this daily bar chart of CRWD, below, I can see that prices have started to weaken in recent days. Prices are still above the rising 50-day moving average line and above the rising 200-day line. The trading volume histogram shows that trading volume has declined in September. The On-Balance-Volume (OBV) line is "rolling over" in September and suggests that traders are shifting from being aggressive buyers to becoming aggressive sellers. The Moving Average Convergence Divergence (MACD) oscillator has been narrowing, which tells us that CRWD is losing "trend strength".