CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market.
Cramer called it his “favorite,” as he remarked: Finally, check out the daily chart of my favorite
This is CrowdStrike. Now this one’s interesting, not as bullish. Lang points out that the stock made a double bottom over the past few months.
It’s, by the way, the W pattern, that’s one I’ve always felt incredibly bullish. I really like that. CrowdStrike’s been on fire since the second bottom about a month ago, with the stock exploding higher on strong volume… Meanwhile, the money flow has been skyrocketing, which tells you that there is strong institutional buying.