Cybersecurity firm CrowdStrike Holdings (CRWD) is scheduled to report their latest quarterly numbers to shareholders after the close of trading Tuesday. In our May 31 review of CRWD we wrote that traders could "...risk to $142. $200 and $235 are our potential price targets in the weeks ahead."
CRWD reached our $200 price target in August but then turned lower again. Hopefully traders took profits and avoided the subsequent decline.
Let's check the charts again.
In the updated daily bar chart of CRWD, below, we can see that the shares have trended lower the past 12 months. Prices are trading below the declining 50-day moving average line and below the bearish 200-day moving average line.
The On-Balance-Volume (OBV) line has been in a downdraft the past three months telling us that sellers of CRWD have been more aggressive than buyers. The Moving Average Convergence Divergence (MACD) oscillator has been in bearish territory since early September.