CrowdStrike Stock Sees Surge In Options Trading Before Q1 Earnings, Charts Indicate Bearish Momentum
Portfolio Pulse from Surbhi Jain
CrowdStrike Holdings Inc (NASDAQ:CRWD) is set to report its first-quarter earnings with Wall Street expecting 90 cents in EPS and $904.66 million in revenues. The stock has seen a surge in options trading, indicating high market interest. Despite bullish analyst ratings and a long-term bullish signal, technical charts show bearish momentum in the short term.
June 04, 2024 | 12:44 pm
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CrowdStrike is set to report Q1 earnings with high market interest. Despite bullish analyst ratings and a long-term bullish signal, technical charts show bearish momentum in the short term.
CrowdStrike is experiencing high options trading volume ahead of its Q1 earnings report. While analysts are bullish with a high price target, technical indicators show bearish momentum in the short term, suggesting potential selling pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Macquarie believes Zscaler is well-positioned to benefit from increased cybersecurity spending following recent hacks on healthcare companies.
Zscaler is mentioned as a beneficiary of increased cybersecurity spending, which could positively impact its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30