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This cybersecurity stock is breaking out as industry rides the AI boom, according to the charts

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Markets,Crowdstrike Holdings Inc,Palo Alto Networks Inc

Crowdstrike (CRWD) is a best-in-class cybersecurity play that is poised for a technical breakout from resistance, according to Todd Gordon.

Crowdstrike is a best-in-class cybersecurity leader that is poised for a technical breakout from resistance, despite being richly valued. Cybersecurity has a few big trends behind it. One of the top concerns for firms in a post-pandemic world of remote, at-home workers is cybersecurity. Plus, the industry will also benefit greatly from the generative AI and cloud computing boom.

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CrowdStrike Shares Run Up Heading Into First Quarter Earnings ReportI have covered the technology sector for 25 years. Since 2003, I have been the managing editor of Tech-Stock Prospector, a monthly publication offering research and analysis on small- and large-cap companies. Prior to that, I analyzed the technology industry as senior writer for Louis Rukeyser's Wall Street newsletter.
Source: ForbesTech - 🏆 318. / 59 Read more »