CrowdStrike Holdings Inc CRWD shares spiked higher Thursday afternoon after Ritholtz Wealth Mangement's Josh Brown made a bullish call on the stock.
What Happened: Thursday on CNBC's "Fast Money Halftime Report," Brown highlighted the technical setup in shares of CrowdStrike as his final trade on the show.
"I am issuing a golden cross alert on shares of CrowdStrike," Brown said, noting that the 50-day moving average just crossed above the 200-day moving average.
He also told viewers that the stock is 48% below its all-time highs and he pointed out that the fundamentals "arguably have never been better."
What Else: Mizuho analyst Gregg Moskowitz maintained CrowdStrike with a Buy rating and raised the price target from $175 to $180 Thursday morning.
The company also announced that its chief security officer Shawn Henry was elected to CLEAR's board of directors.
See Also: SoFi Technologies Stock Is Sliding: What's Going On?
CRWD Price Action: CrowdStrike shares were up 3.01% at $158.60 at the time of publication, according to Benzinga Pro.
Photo: courtesy of CrowdStrike.
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