CrowdStrike Is Not Out Of The Woods Just Yet
CRWDCrowdStrike(CRWD) Seeking Alpha·2024-09-05 23:10

Sundry Photography Introduction In early June, I shared the following view on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) - After striking a bottom in the low 90sinearly2023,CRWDstockhasmovedupparabolicallyoverthepasttwelvemonthsorsotocompleteaVshapedrecoveryfromthe202122bearmarket.WeBullDesktopHowever,sincehittingnewalltimehighsof90s in early 2023, CRWD stock has moved up parabolically over the past twelve months or so to complete a V-shaped recovery from the 2021-22 bear market. WeBull DesktopHowever, since hitting new all-time highs of 365 in the immediate aftermath of its Q4 FY2024 report in March, CRWD stock pulled back sharply by ~25% to $280, breaking below 10-week and 2 ...