Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

CrowdStrike Shows Strength and Leadership with Breakout

by August 1, 2023
August 1, 2023
CrowdStrike Shows Strength and Leadership with Breakout

CrowdStrike (CRWD) is separating itself from the rest of the pack with a breakout and nine month high.

The chart below shows CRWD with an uptrend working throughout 2023. The stock bottomed in January, advanced to the 140 area and hit resistance here in March-April (thick red line). The stock then broke above this resistance level in May and broken resistance turned into support (green line).

This is a classic tenet of technical analysis: broken resistance turns into the first support level after the breakout. Also notice that the Trend Composite in the lower window turned positive in mid May and is at 5. This means all five indicators in the Trend Composite are bullish. Note that this indicator and ten others are part of the TIP indicator edge plugin for StockCharts ACP.

Shorter term, CrowdStrike consolidated with support in the low 140s and resistance in the low 160s the last two months. The stock is making a breakout bid here in early August and this signals a continuation of the larger uptrend. The summer lows mark key support at 140.

Chartists can also consider using the ATR Trailing Stop (short blue line). This is the highest close since the start date (31-July) less four ATR(22) values. 4 is the ATR multiplier (ATR(22) x 4). I chose this value (4) so the stop would start at the summer lows (support). This stop will rise if prices continue to rise.  

TrendInvestorPro is currently running two quantified strategies. First, we have a momentum-rotation strategy trading S&P 500 and Nasdaq 100 stocks. Second, we have a short-term mean-reversion strategy trading Russell 1000 stocks. These strategies are outlined with detailed reports and performance metrics. Click here for immediate access.

The ATR Trailing Stop, Trend Composite, Momentum Composite and eight other indicators are part of the TrendInvestorPro Indicator Edge Plugin for StockCharts ACP. Click here to take your analysis process to the next level.

—————————————

0
FacebookTwitterGoogle +Pinterest
previous post
Government launches £40 million fund to unlock 5G benefits across the UK
next post
Business confidence remains low amid rising interest rates

You may also like

Strong Sector Rotation To Financials, but will it...

October 14, 2022

DP Trading Room: Black Swan Monday!

January 27, 2025

Don’t Miss the Move Into These NEW Areas!

December 16, 2023

Stock Market Makes Spectacular Run, and It’s Not...

July 12, 2024

This Precious Metal is On the Verge of...

March 27, 2025

Is the Bear Market Really Over?

August 13, 2022

Earnings Momentum May Push the Stock Market to...

July 28, 2023

Sector Spotlight: This Sector is On Fire

February 21, 2023

Market Secrets Revealed! Final Bar Mailbag — US...

November 27, 2023

Two Ways to Use the Zweig Breadth Thrust...

March 22, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Lotus denies plans to close Hethel factory amid US expansion talks

      June 29, 2025
    • Top university degrees lose sway as tech employers prioritise job-ready skills

      June 29, 2025
    • Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

      June 29, 2025
    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

      June 29, 2025
    • Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

      June 29, 2025
    • Britain’s fastest-growing firms revealed for 2025: Dfyne, Nala’s Baby and Hawkstone lead the charge

      June 29, 2025

    Categories

    • Business (8,333)
    • Investing (2,081)
    • Politics (15,853)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved