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Benzinga

Business

Melanie Schaffer

Chart Wars, Cyberwarfare Edition: Between CrowdStrike Or Palantir, Which Stock Will Go Higher?

CrowdStrike Palantir Ukraine

CrowdStrike Holdings, Inc (NASDAQ:CRWD) and Palantir Technologies, Inc (NYSE:PLTR) shot up on Feb. 24 after gapping down to start that day, after traders and investors woke up to find out Russia had begun its invasion into Ukraine.

The price action since then appears to indicate a reversal to the upside may be in the cards, propelled by both technical indicators on CrowdStrike and Palantir’s charts and the geopolitical events that have thrust cybersecurity stocks into the spotlight.

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