Key Takeaways
- CrowdStrike shares tumbled on Wednesday after the cybersecurity provider issued a quarterly outlook below Wall Street estimates.
- The stock broke out from an ascending triangle to hit an all-time high earlier this week in a move that coincided with the relative strength index nudging toward overbought territory. Longer-term bullish momentum was tested on Wednesday.
- Investors should watch major support levels on CrowdStrike’s chart around $455, $390 and $340, while also monitoring a key overhead area near $510.
CrowdStrike (CRWD) shares retreated from their record high on Wednesday after the cybersecurity provider issued a disappointing quarterly revenue outlook.
The company reported better-than-expected earnings for its…
