Antares Data: CRDW Buyer Momentum Slowdown
Antares Data Lab on CRWD
2024 will continue to be the year for companies to invest in their cybersecurity, with CrowdStrike leading the market in this industry. Following a rise since the low on October 27, CRWD experienced upward momentum until the earnings announcement. A week of consolidation provided buyers with a chance to catch their breath and gather strength for another push higher, buoyed by a strong earnings report. However, the current market appears to be excessively extended, and bullish investors are starting to feel the pressure from the sell side.
The first alert was generated today: Sell.
1st Target: 230.59 - Probability: 40%
2nd Target: 215.88 - Probability: 27%
3rd Target: 207.36 - Probability: > 10%
This sell signal suggests a potential pullback. Achieving any of the targets may recapture the attention of bullish investors
2024 will continue to be the year for companies to invest in their cybersecurity, with CrowdStrike leading the market in this industry. Following a rise since the low on October 27, CRWD experienced upward momentum until the earnings announcement. A week of consolidation provided buyers with a chance to catch their breath and gather strength for another push higher, buoyed by a strong earnings report. However, the current market appears to be excessively extended, and bullish investors are starting to feel the pressure from the sell side.
The first alert was generated today: Sell.
1st Target: 230.59 - Probability: 40%
2nd Target: 215.88 - Probability: 27%
3rd Target: 207.36 - Probability: > 10%
This sell signal suggests a potential pullback. Achieving any of the targets may recapture the attention of bullish investors
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