During Monday's Mad Money program the ever popular Lightning Round did not disappoint. One caller asked host Jim Cramer about CrowdStrike Holdings Inc. (CRWD) . "I love CrowdStrike. I'd hold onto it for years," was Cramer's response. Let's check out the charts and indicators of this cloud-based cybersecurity firm.
In the daily bar chart of CRWD, below, we can see that the shares have been correcting the past couple of weeks and are now trading below the cresting 50-day moving average line. The rising 200-day moving average line intersects down in the low $90s.
The On-Balance-Volume (OBV) line has been stalled since early June and thus has diverged from prices which have made higher highs into October. The OBV line has weakened since the middle of October telling us that sellers of CRWD have been more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is now crossing the zero line for an outright sell signal.