CRWD has been on an uptrend since early August
Shares of CrowdStrike Holdings Inc (NASDAQ:CRWD) have been on an uptrend since early August. Though the stock is down 3.4% at $374.89 today, it's been pushing back toward its July 9 record high of $398.33, and sports a 46.5 % year-to-date lead.
The recent rally helped push CrowdStrike stock above the top band of its 20-day Bollinger Bands. Per Schaeffer's Senior Quantitative Analyst Rocky White, the shares moved higher the past 10 times this occurred, averaging a 21-day gain of 6.1%. From its current perch, a similar move would put the equity at $397.75, within a chip-shot of its all-time peak.
When weighing in on the stock's next move, options look like a good way to go. This is according to CRWD's Schaeffer's Volatility Index (SVI) of 40%, which sits in the 14th percentile of its annual range, meaning options traders are pricing in low volatility expectations. The stock has tended to outperform these volatility expectations over the past year, too, per its Schaeffer's Volatility Scorecard (SVS) of 90 out of 100.