One important metric to look for in a stock is an 80 or higher Relative Strength Rating. CrowdStrike Holdings stock cleared that benchmark Monday, with a jump from 68 to 81. The cybersecurity firm recently announced an expanded partnership with NTT DATA to enhance AI-powered cybersecurity services.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Is CrowdStrike Holdings Stock A Buy?
CrowdStrike Holdings reclaimed its 200-day moving average last week. While the cybersecurity stock is not near an ideal buy zone right now, see if it goes on to form and break out from a proper base but make sure to wait for a market follow-through before jumping in.
The Austin, TX-based cybersecurity company reported 8% earnings growth last quarter. Revenue rose 25%.
CrowdStrike Holdings stock holds the No. 5 rank among its peers in the Computer Software-Security industry group. Fortinet is the top-ranked stock within the group.
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