$CRWD: Strong Support at the 21-day EMA
Cybersecurity equity valuations are soaring because people and investors realize that they will play an increasing role within company lives as we move further into the digitization of our economy.
Crowdstrike is an attractive investment mainly because of its rapidly increasing FCF and gross margins. Their ARR has also been rapid as they acquire new customers while maintaining relationships with existing customers.
Technically speaking, the 21-day EMA has acted as an excellent support/dip-buying opportunity on the weekly timeframe, as indicated by the chart. With the RSI gradually rising alongside this overall bullish trend, it is indicative of a strong upwards channel.
Crowdstrike is an attractive investment mainly because of its rapidly increasing FCF and gross margins. Their ARR has also been rapid as they acquire new customers while maintaining relationships with existing customers.
Technically speaking, the 21-day EMA has acted as an excellent support/dip-buying opportunity on the weekly timeframe, as indicated by the chart. With the RSI gradually rising alongside this overall bullish trend, it is indicative of a strong upwards channel.