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MarketBeat

Chris Markoch

Is CrowdStrike Ready to Rally After Its Recent Pullback?

CrowdStrike CRWD MarketBeat

For the first two weeks of November, CrowdStrike Holdings Inc. (NASDAQ: CRWD) successfully avoided the broader sell-off in technology stocks. However, since Nov. 11, CRWD stock is down about 8%.

The stock is currently enjoying a small rally on light volume in an abbreviated trading week, putting it right at its 50-day simple moving average (SMA). But overall sentiment and technicals are indifferent about the stock’s outlook and seeking direction.

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