Just a few days ago, we said, “After a massive pullback, CrowdStrike (SYM: CRWD) has become excessively oversold on RSI, MACD and Williams’ %R. Plus, even as markets melted down yesterday, it was one of the standout winners, with a gain of $4.16. Helping, Piper Sandler just said investors should buy the dip, upgrading CRWD to an overweight rating.”
Today, it’s up to $241.75 and could see higher highs.
“Despite the likelihood that headlines about the outage will remain negative in the near term with focus on potential Congressional testimony and lawsuits, the analysts said they believe “the ramifications of the event will likely be more-so short-lived and at negligible cost,” added Investopedia.com.
