Swing Trade Idea – CRWD – June 19, 2020
Our bullish trade for Friday, June 18th is CRWD (Crowdstrike Holdings Inc). CRWD is part of the Technology Sector (XLK). XLK has experienced a 7.9% gain in the last month and its 1M trend turned bullish on April 8th.
CRWD’s 1M and 6M trend turned bullish on March 24th and April 3rd respectively. and has recently pulled back to its 20 D MA providing a good buying opportunity. With a technical score of 10 (out of 10), CRWD is a very strong stock that will likely continue higher.
As a stop loss, if CRWD were to trade below $90 for multiple days, this would invalidate our analysis and we would focus on cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves above $7.20.
