The Relative Strength (RS) Rating for CrowdStrike Holdings stock entered a higher percentile Thursday, as it got a lift from 63 to 73.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if CrowdStrike Holdings can continue to show renewed price strength and hit that benchmark.
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Is CrowdStrike Holdings Stock A Buy?
CrowdStrike Holding stock is currently trading below its 50- and 200-day moving averages. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the cybersecurity stock is able to form a base and break out.
The cybersecurity firm posted 63% earnings growth in the latest quarterly report, while sales growth came in at 33%. The company is expected to report its latest earnings and sales numbers on or around Aug. 28.
CrowdStrike Holdings stock earns the No. 9 rank among its peers in the Computer Software-Security industry group. Fortinet, CyberArk Software and Zscaler are among the top 5 highly rated stocks within the group.
