After pricing in a good deal of weakness, CrowdStrike (SYM: CRWD) is just starting to pivot higher. Last trading at $256.22, we’d like to see it initially refill its bearish gap at around $300. It’s also starting to pivot from over-extensions on RSI, MACD and Money Flow (MFI).
Also, while firms like Morgan Stanley, Scotiabank, Citi, Stifel and DA Davidson recently lowered their price targets on the stock, Goldman Sachs just reiterated a buy on the CRWD stock. The firm also noted that, “Risk/reward may be turning more positive; October quarter key to establishing a floor to growth,” as reported by CNBC.
