Watch These CrowdStrike Price Levels as Stock Drops From Record High on Light Outlook

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…

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