CrowdStrike Holdings saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 79 to 83.
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This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the best stocks often have an 80 or better RS Rating as they begin their biggest price moves.
CrowdStrike Holdings is now considered extended and out of buy range after clearing a 400.02 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher last quarter. Earnings were up 6%, compared to -8% in the prior report. Revenue increased from 20% to 21%.
The company earns the No. 7 rank among its peers in the Computer Software-Security industry group. CyberArk Software, Palo Alto Networks and Zscaler are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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