On Tuesday, the IBD SmartSelect Composite Rating for cybersecurity major CrowdStrike Holdings (CRWD) edged to a near-best 96, up from 94 the day before. CrowdStrike stock looks to be completing a cup base as it trades near an all-time high. It’s risen amid steady corporate demand for strong cybersecurity software and systems.
The revised score means CrowdStrike stock currently tops 96% of all other stocks, regardless of industry group, in terms of key performance metrics and technical strength. The market’s biggest winners often have a 95 or higher grade in the early stages of a new price run, so that’s a good item to have on your checklist when looking for the best stocks to buy and watch.
CrowdStrike Stock Popular With Big Money Investors
CrowdStrike stock rose from a 31.95 intraday low in late March 2020 as the Covid crash bottomed, to an all-time high 289.24 at the end of August this year. It’s consolidated since then in sync with the market, and traded at 283.48 Tuesday afternoon, down 0.7% for the day.
Among other key ratings, CrowdStrike stock’s Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks. Additionally, it has an 89 Relative Strength Rating, putting it among the top 11% of stocks in terms of price strength over the past 52 weeks.
One rating to keep an eye on is the company’s 65 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Although that puts it in the top 35% of companies on earnings growth, CAN SLIM investors look for a rating of 80 or better to show it’s in the top 20% of all companies.
CrowdStrike reported a 267% rise in earnings for Q2, to 11 cents per share. Revenue popped 70% year over year to $337.7 million, matching the prior quarter’s 70% growth rate.
CrowdStrike stock is currently forming a cup without handle, with a 289.34 buy point. Look for the stock to break out in heavy trade at least 40% above average. Keep in mind that it’s a later-stage base, and those can work but involve more risk.
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