Stock Leaders

For the Week of October 11th

We will begin providing a periodic scan of performance-leading stocks that are forming profitable chart patterns. For articles labeled “Stock Leaders” we’ll focus on Technical Analysis in a Multiple Timeframe format, using the Hourly, Daily and Weekly charts. Our goal is to identify the strongest stocks with the highest potential for growth and present them in a concise format, enabling our followers to build their watchlists and portfolios.

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CrowdStrike (CRWD) gained over 9% this week, breaking above it’s downtrend line and Ichimoku Cloud on the daily chart (upper right). On the weekly chart (lower right) it's forming a sloppy cup-and-handle pattern, suggesting potential further upside. A retest of the all-time high at $398 could offer a 24% gain. The RSI on the hourly chart (left) is overbought, so look for pullbacks to the 9, 21, or 50 EMAs for entry points.

CRWD's recent bullish move was fueled by an RBC report that named it a top software pick for 2025. The firm considers concerns over the IT outage to be overblown and expects the company to outperform in 2025-2026, benefiting from lowered earnings expectations. RBC also highlights a clear path to $10 billion in annual recurring revenue, with AI-driven tailwinds that may be underestimated.