$CRWD and $PANW on watch for breakout next week

This past week was a strong momentum swing for the technology sector (XLK) reaching all-time highs. The leading cybersecurity stocks CRWD and PANW broke highs in June and have been trading sideways ever since, setting up for another run at highs. We've seen good steady volume throughout the previous week, supporting a strong break to the upside. Remember that the Fed will be releasing CPI data next week which could destabilize overall market conditions. Another thing to note is that QQQ is overextended and could be due for a pullback. Regardless of these conditions, if the technology sector continues to prevail next week, keep a close eye on these two stocks for breakouts.