Crowdstrike Flag pattern Entry level $51.50 = Target price $51.00 = Stop loss $53.00
Monday could prove to be a very good day for the Cyber security stocks and CRWD has been a very active ticker in the options market on Friday.
C2RW34 trade ideas
2020 TurnaroundWith ARR coming in at 97% growth last quarter, Crowdstrike deserves the growth premium in my view. They have a leading position in their industry, and we have seen some solid volume support post most recent earnings. It looks to have been dragged down unfairly in the 2019 IPO wave, but the fundamentals tell a different story. Jumping into this one while sentiment is low.
CRWD - Investors are not too excitedIf investors were excited, it would have double bottomed by now? Therefore, I believe CRWD is in a bear flag. Room to go lower. In addition, the fundamentals are telling me this is still expensive.
Bearish for short term.
Bullish for long term.
CRWDWent slightly positive today +0.1, Relative volume was actually 1.5 from average. Seeing this as a Dead Cat bounce. Relative Option Volume 1.1, Iv Rank is 8.0%, Bullish option flow. Finally, 45.1 RSI, and -7.9% from the 20-day MA. 20-day MS vs 250-day MA is -20.6%
Dec-20 calls for Strike $51 are 0.63
$CRWD Crowdstrike Swings 15% afterhoursEntry level $58.71 - Traget price $66.32 Stop loss $56.65
Huge beat and raise for CRWD.
Earninsg Highlights
CrowdStrike Holdings (NASDAQ:CRWD) is down 2.3% after hours following a Q3 earnings report with a better-than-expected loss and raised guidance for the full year.
Revenue rose 88% overall (to $125.1M) and subscription revenue nearly doubled, hitting $114.2M.
Annual recurring revenue also rose 97%, to $501.7M.
Operating loss (non-GAAP) narrowed to $16.5M from a year-ago loss of $28.6M. Similarly, net loss shrank to $13.4M from a year-ago loss of $28.8M.
Cash from operations was $38.6M vs. a year-ago use of $3.6M; free cash flow was $7M, vs. the prior year's -$13.1M.
For Q4, it's guiding to total revenue of $135.9M-$138.6M (vs. consensus for $127.2M) and EPS of -$0.09 to -$0.08. (above consensus for -$0.11).
For the full year, it's raising expectations for revenues to $465.2M-$468M (above expectations for $450.2M), and sees EPS of -$0.53 to -$0.52 (above consensus for -$0.63). Liquidity increased to $833.7M as of quarter's end.
Source seeking alpha
43% short interest could result in massive rally
Company profile
CrowdStrike Holdings, Inc. operates as a holding company. It provides cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. The company was founded by George P. Kurtz and Dmitri Alperovitch on November 7, 2011 and is headquartered in Sunnyvale, CA.
$CRWD Looks good, IHS with breaking the wedge, Loving the way this chart looks, has earnings coming up, over 40% shares shorted here.
$CRWD looking to reverse and head higher?Looks like $CRWD may have broken it's down trend. I'll need a solid close over $52.50 and then I'll look for a trigger to go long... Let's see how it plays out.
$CRWD long ideaSee notes on chart. I entered trade today (10/4) because I was waiting to see overall market direction. My stop is $57.50 and will trail up. 1st Target $71 - T2 $81. Let's see how she plays out.
Long CRWD CRWD Broke above the Trade line on the daily chart and now has it curling up, Will be watching for this to act as support on any pullback. Watching for a push to test 70 dollars make it its base and make a move up to test its 50 day moving average at 79.68. The Bottom line is the 8 day ema the Trade Line. The middle line is first resistance and first take profit. The top line is the 50 day moving average Next take profit target. I use Tier Trading and sell on the way up.
Come check out my Vlog on This stock bit.ly
CRWD potential reversal!
CRWD expected to rise up to 1st resistance at 63.68 where it could potentially react off and drop down to 1st support at 51.77.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CRWD potential reversal!
CRWD expected to rise up to 1st resistance at 63.68 where it could potentially react off and drop down to 1st support at 51.77.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Crowdstrike Possibility...Let Me Get My Crystal Ball Out...CRWD Pretty self-explanatory idea on chart. Levels where I think CRWD can go, eventually ending around 130 area. In my opinion likely to see low 70's and possible gap fill before moving on up, in an effort to complete corrective wave. Obviously tons of things can happen to negate this, horrible or outstanding earnings being just one of them. I do like the stock, and look forward to making money on it, whichever way it goes. Happy hunting and GLTA!!
Crowdstrike potential bullish trend after earnings.I see a few interesting points:
It has done the shape of a pull back on a big resistance where a gap started.
The awesome oscillator shows a possible trend reversal with twin peaks pattern.
Stock is oversold due to the RSI.
Also, there are earnings reports coming next week and the estimation is lower than the previous, which was less than expected.
Let's see what happens next!
