$CRWD : Exceptional performance. Next stop 500 $.

Very few stocks can claim the performance and resiliency of Crowdstrike. CRWD not only resisted the recent downturn in the volatile markets but also is above it previous multi cycle highs. The stock was @ 400 $ when the major global outage happened, and the stock touched the lows of 200 $ before it had a massive bull run from the lows of 200 $. Before the major ‘Liberation Day’ volatility the stock touched an all time high of 450 $. Since then, the stock has reversed almost all its losses.

This can not be said about many stocks in the market. Even within the Tech sector the subsector Cybersecurity showed a great deal of resilience in the recent market turmoil. In this space we discussed the relative performance of HACK vs SMH multiple times. But within the Cybersecurity subsector there are stocks like CRWD which are trying to reclaim the ATH. Very few stocks in the Tech sector are at or near their ATH. At 430 $ CRWD is just 5% away its ATH. The RSI is still not in overbought condition which is hovering at 60s. Next stops are 450 $ and then the 1.61 Fib retracement level which magically lies at 500 $.

Verdict : Stay long $CRWD. Next target 500 $.