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Hawk’s Nest

Security Growth Name Sees Call Buyer into Volume Support

by | Oct 13, 2022

CrowdStrike (CRWD) buyer 900 March $200 calls up to $6.85 offers today as the stock reversed higher off a large VPOC support at 147.50 and closing well off the lows. CRWD has resistance into 160 monthly value low but if can close above that then a higher low can be confirmed and successful reversal after not taking out the May lows. The stock is also right near the 200 week EMA which is often a long term support level for growth stocks still in a uptrend on weekly or monthly timeframes. On the upside the yearly value area starts at 185 so that would be a ideal target on a rally from here.