CrowdStrike Holdings saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 93 to 96.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
CrowdStrike Holdings is not currently near a proper buy point. On two occasions the stock hit resistance around $162. That might be a number where you can set an alert now that key moving averages have been cleared. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
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One weak spot is the company's 79 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
CRWD Earnings
In Q1, the company posted 84% earnings growth. Revenue growth fell to 42%, down from 48% in the prior quarter.
CrowdStrike Holdings holds the No. 4 rank among its peers in the Computer Software-Security industry group. Fortinet is the top-ranked stock within the group.
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