Swing Trade Idea (CRWD) 12-11-2020
Our bullish trade for Friday, December 11th is Crowdstrike Holdings Inc (CRWD). CRWD is part of the Technology Sector (XLK). XLK has experienced a 5.2% gain in the last month and its 1M and 6M trends turned bullish early November.
CRWD is on a strong bullish trend and recently pulled back to its 21 D EMA and bounced higher with strong momentum. Its 1M and 6M trends turned bullish on November 17th and with a technical score of 10 (out of 10), CRWD is a very strong stock that will likely move higher.
As a stop loss, if CRWD were to trade below $156 for multiple days, this would invalidate our analysis and we would consider cutting losses on the trade. We also focus on cutting losses on this options trade if the value of the vertical spread moves above $16.
