IT giant Crowdstrike (CRWD) has been enjoying performing within a channel of higher lows for the duration of 2023, now boasting a lead of nearly 80% for this time frame. This long-term rebound came off the equity’s early January lows, with added support at the 120-day moving average. Further gains could be on the horizon too, with a historic bull signal now flashing on CRWD.
Per Schaeffer’s Quantitative Analyst Rocky White, Crowdstrike stock’s 52-week high comes amid historically low implied volatility (IV), which has been a bullish combination in the past. White’s data points to four other signals over the last five years when CRWD was trading within 2% of its 52-week high, while its Schaeffer’s Volatility Index (SVI) was in the 20th percentile of its annual range or lower.
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