Piper Sandler spotlights key technical levels for GOOGL, NFLX, CRWD, OKTA, and others

Piper Sandler believes that the S&P 500 (SP500) will trade back and forth around its 50-/200-day moving averages but highlighted other opportunities as well for investors when looking at specific technical setups for certain stocks.

The investment institution in an investor note highlighted key technical charts for stocks such as Alphabet (NASDAQ:GOOGL) Netflix (NASDAQ:NFLX), CrowdStrike (NASDAQ:CRWD), Okta (NASDAQ:OKTA), and others. More specifically, it showcased which names are sitting in a positive and negative light according to each of their technical setups.

Positive Technical Charts

• Okta Inc (OKTA): “Shares have confirmed support off the lower end of a rising price channel.”
• Palo Alto Networks (PANW): “Shares are approaching the upper end of a symmetrical triangle.”
• Netflix (NFLX): “Shares are approaching resistance off the ‘21 highs near $701.”
• The Trade Desk (TTD): “Shares are approaching the upper end of a rising price channel.”

Negative Technical Charts

• GitLab (GTLB): “Shares are approaching the neckline of a head and shoulders top formation.”
• The Boston Beer Company (SAM): “Shares have violated support off the ‘22 lows near $287.”
• Roku (ROKU): “Shares are consolidating above support near $51.50.”
• CrowdStrike (CRWD): “Shares are in a relief rally above an uptrend off the ‘23 lows.”
• Alphabet (GOOGL): “Shares are consolidating above an uptrend/support near $153.”

Year-to-date price action: OKTA +6.1%, PANW +16.4%, NFLX +35.7%, TTD +39.3%, GTLB -29.5%, SAM -18.1%, ROKU -36.1%, CRWD +1.8%, and GOOGL +15.2%.