Keep an eye on CrowdStrike (SYM: CRWD).
After a massive pullback, the stock 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 with a $290 price target.
“Even though the near-term news cycle will likely revolve around litigations / settlements, congressional testimony and ensuing numbers cuts ahead of and on F′2Q earnings, the ramifications of the event will likely be more-so short-lived and at negligible cost, in our view,” the firm said, as quoted by CNBC. “With shares down sharply for the month, we believe investors should opportunistically build positions at current levels.”
