Crisis always leads to opportunity.
On Saturday, July 20, we noted, “CRWD shares slipped from about $380 to $290. However, now that the situation has been identified with a deployed fix, it looks like the latest crisis may be an opportunity for the CRWD stock.”
While it did slip a bit more on Monday, it is starting to pivot higher, as hoped.
Up about $9 a share on Tuesday, investors are jumping back into the excessively beaten down cybersecurity stock. From its last traded price of $275.03, we’d like to see CRWD initially refill its bearish gap at around $290. From there, it should eventually refill its gap at $340, too.
