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CrowdStrike Holdings (CRWD) Recently Broke Out Above the 20-Day Moving Average
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CrowdStrike Holdings (CRWD - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CRWD crossed above the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.
The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of CRWD have been moving higher over the past four weeks, up 5.8%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that CRWD could be poised for a continued surge.
The bullish case solidifies once investors consider CRWD's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 15 higher, while the consensus estimate has increased too.
Investors may want to watch CRWD for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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CrowdStrike Holdings (CRWD) Recently Broke Out Above the 20-Day Moving Average
CrowdStrike Holdings (CRWD - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CRWD crossed above the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.
The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of CRWD have been moving higher over the past four weeks, up 5.8%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that CRWD could be poised for a continued surge.
The bullish case solidifies once investors consider CRWD's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 15 higher, while the consensus estimate has increased too.
Investors may want to watch CRWD for more gains in the near future given the company's key technical level and positive earnings estimate revisions.