A quick look at today: pronounced bullish sentiment in the market helped CrowdStrike to make a notable 3.48% gain today, rising $5.27 and ultimately closing at $156.88.
Meanwhile, United States API Weekly Crude Oil Stock came out at -1.27 million, while a consensus of analysts was expecting 1.55 million. United States TIC Net Long-Term Transactions (Aug) released today at 20:00 UTC with a figure of 197.9 billion, while the previous figure was 21.4 billion. United States Industrial Production came out at 0.4%, better than analyst estimates of 0.1% and improving upon the previous reading of -0.1%.
Technical chart analysis shows CrowdStrike Holdings, Inc. could be slowing down soon as it approaches resistance at $163.3. Of course, crossing it might suggest further gains are ahead.
This rally in CrowdStrike’s share price coincided with other technology stocks as Salesforce traded at $153.53 after closing today’s trading day at $147.18 (up 4.31%). SAP added 2.5% to its value, and traded at $89.
CrowdStrike went up today, yet these technology stocks did not follow — Intel went down to $25.87, losing 2.08% after it closed at $26.42 today.
Also worthy of note, tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.55 million from the preceding figure of 9.88 million.
Furthermore, the market is looking at United States Building Permits (Sep) scheduled to come out tomorrow at 12:30 UTC.
CrowdStrike reached a significant high of $293.18 around 11 months ago but has lost 48.29% since then.