Chart of the Day: CrowdStrike Pulls Back


CrowdStrike has been making new 52-week highs as the broader market languishes. Now after a quick pullback, some traders may look for the cybersecurity stock to continue higher.

The first pattern on today’s chart is the bullish gap on August 31 after results and guidance beat estimates. A series of higher highs and higher lows followed, which may suggest a new uptrend is taking shape.

Second …

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CrowdStrike (CRWD), daily chart with selected patterns and indicators, courtesy of TradingView.
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