CrowdStrike Eyes Golden Cross Momentum Ahead Of Q3 Earnings

Earnings and Market Expectations - CrowdStrike Holdings Inc is set to report its third-quarter earnings with Wall Street expecting 81 cents in EPS and $982.36 million in revenues [1] - The stock has shown significant growth, up 73.12% over the past year and 20.7% over the past month [2] Technical Analysis and Stock Performance - CrowdStrike stock is trading at $363.68, significantly above its five-day, 20-day, and 50-day exponential moving averages (EMAs), indicating a strong bullish trend [3] - The stock is on the verge of forming a golden cross, a technical indicator often associated with bullish momentum [2] - The eight-day simple moving average (SMA) is at $355.04, the 20-day SMA at $335.66, and the 50-day SMA at $311.85, all reflecting robust upward momentum [3] - The 200-day SMA of $312.32 reinforces the bullish outlook as the share price firmly surpasses long-term resistance levels [3] Analyst Ratings and Price Targets - The consensus analyst rating on CrowdStrike stock stands at a Buy with a price target of $338.11 [5] - The latest analyst ratings from Evercore ISI Group, Rosenblatt, and KeyBanc suggest an average price target of $393.33, implying an 8.81% upside potential [5] Short-Term Risks and Indicators - The Relative Strength Index (RSI) at 67.97 suggests the stock is nearing overbought territory, hinting at potential bearish pressure [4] - The high Moving Average Convergence Divergence (MACD) of 16.10 confirms the strength of the trend but could precede a cooling-off period [4] - Despite the bullish signals, traders should remain mindful of short-term overbought risks [4] Recent Stock Performance - CrowdStrike stock closed Monday's trading day at $363.68, down 2.3% [6]