CrowdStrike Holdings (CRWD) stock price soared in its latest intraday trading, recording a series of strong consecutive gains that helped it break above the key resistance level at $567.00, amid the dominance of the main upward trend in the medium and short term, with continued positive pressure from trading above its 50-day SMA. However, in contrast, we notice the beginning of a negative crossover appearing on the Stochastic indicators after reaching deeply overbought levels, which may limit the stocks upcoming gains in the near term.
Therefore we expect the stock price to rise in its upcoming trading, especially if it confirms the breakout above the mentioned resistance at $567.00, targeting the next resistance level at $627.00.
Todays price forecast: Bullish