Pullback Buy in CRWD
This cybersecurity stock has been a top performer in 2023.
After a vicious Stage 4 downtrend that wiped out 70% of its value in the 2022 bear market, CRWD has come ripping off the low this year.
It reclaimed its 200-day moving average last month and continues to advance higher.
The dashed line on the chart above shows a key support/resistance level in CRWD. The stock found resistance here earlier in the year and it has so far served as support after getting above the 200-day.
The stock is also sitting on its 50-day moving average which should serve as additional support.
I would consider buying here with a stop just below the 200-day line at $133. This would represent a 7% risk on the trade.
After a vicious Stage 4 downtrend that wiped out 70% of its value in the 2022 bear market, CRWD has come ripping off the low this year.
It reclaimed its 200-day moving average last month and continues to advance higher.
The dashed line on the chart above shows a key support/resistance level in CRWD. The stock found resistance here earlier in the year and it has so far served as support after getting above the 200-day.
The stock is also sitting on its 50-day moving average which should serve as additional support.
I would consider buying here with a stop just below the 200-day line at $133. This would represent a 7% risk on the trade.
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