One important metric to look for in a stock is an 80 or higher Relative Strength Rating. CrowdStrike Holdings stock cleared that benchmark Tuesday, with a jump from 67 to 80 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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Is CrowdStrike Holdings Stock A Buy?
While CrowdStrike Holdings stock is not near a proper buy zone right now, see if it is able to form and break out of a proper base. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While the cybersecurity company's top line growth fell last quarter from 48% to 42%, EPS grew 84%, up from 57% in the previous report. Keep an eye out for the company's next round of numbers on or around Aug. 30.
CrowdStrike Holdings stock earns the No. 4 rank among its peers in the Computer Software-Security industry group. Palo Alto Networks and Tenable Holdings are also among the group's highest-rated stocks.
