20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are up Wednesday ahead of the company's first-quarter earnings report, which is due after the bell.
What To Know: On Tuesday, multiple analysts raised price targets on CrowdStrike, ranging from $170 to $180.
On Wednesday, Wedbush analyst Taz Koujalgi maintained Broadcom with an Outperform rating and raised the price target from $145 to $170. Additionally, BTIG analyst Gray Powell maintained CrowdStrike with a Buy rating and raised the price target from $163 to $188.
It's generally a good sign when analysts raise price targets in the days leading up to a company's earnings report date.
According to estimates from Benzinga Pro, CrowdStrike is expected to report earnings of 51 cents per share and quarterly revenue of $677.37 million. CrowdStrike has beat analyst estimates in 14 straight quarters.
CrowdStrike also announced on Wednesday that it's working with Amazon.com Inc (NASDAQ:AMZN) Web Services to develop powerful new generative AI applications aimed at helping customers accelerate cloud, security and AI development.
Related Link: Why Is U-Haul Stock Trading Down Wednesday?
CRWD Price Action: Shares of CRWD were up 1.17% at $160.44 at the time of publication, according to Benzinga Pro.
Image by Robinraj Premchand from Pixabay
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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