Crowdstrike Holdings Inc (CRWD) – Cybersecurity Pushing Higher – June 19th, 2020

The bullish DailyPlay for Friday, June 19th is Crowdstrike Holdings Inc (CRWD). CRWD has rallied 29.4% in the last month and its 1M and 6M trend turned bullish on March 23rd and April 4th respectively due to increasing demand for cybersecurity as more people work from home. 

Fundamental View

  • Strong revenues growth – revenues expected to grow 25% per year
  • Strong demand for cybersecurity during “work at home” trend
  • Earnings September 3rd (76 days)

Technical View

  • A pullback towards 20 D EMA in a strong trend provides good risk/reward for a long opportunity
  • Very Strong relative strength score (10 out of 10)
  • Both 1M and 6M trends are bullish
 

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