Reason: Security keeps running, and two names crossed into overbought territory doing it. OKTA hit RSI 71.3 (+56.8% month, +90.1% against its 200-day) on a real event — it agreed to acquire Permiso Security on September 21. ZS also crossed RSI 70 on a wave of analyst price-target raises after its fiscal fourth quarter, but is still -25.87% on the year — a reclaimed trend that has not been earned back. CRWD added 8.75% and stays the cleanest structure, -0.27% off its high. DDOG (+8.97%) is the quiet compounder. INTU got worse, not better: RSI 32.8, -22.47% on the month, -58.98% on the year, thesis still broken.

Price/RSI Table

Status reads the 200-day trend first and RSI second; Action is a trend-hold lens — an extended name is never an entry, and a name below its 200-day with a negative year is not a dip.

What Changed Since 2026-09-18

• OKTA +9.16% week and +56.8% month, now +90.1% against its 200-day at RSI 71.3. Its own pull (refreshed September 21) carries two dated items: a definitive agreement to acquire Permiso Security, a cloud-native identity security platform, and a same-day note attributing the move to improving analyst sentiment around Okta's role securing AI agents inside a broader cybersecurity rally.
• ZS crossed RSI 70.5 with +11.94% on the week; its pull (refreshed September 22) carries a dated item on multiple analysts raising price targets after its fiscal fourth quarter (Bernstein to $298, Baird to $230, Stephens to $225) in a session that jumped the stock 15%. A separate item names CEO, CPO, CRO and director stock sales around September 17. Still -25.87% on the year — the reclaim is real, the year is not yet.
• CRWD +8.75% week, +37.66% month, -0.27% off its high, +76.4% against its 200-day — no new dated cause; its pull (refreshed September 22) returns aggregator pages only. The desk's own brief already flagged all eleven tracked cybersecurity names above their 200-days.
• DDOG +8.97% on the week; its pull is stale since September 11, so news was not pulled for this week's move.
• INTU keeps breaking: -9.85% week, -22.47% month, -58.98% year, -29.6% against its 200-day. Its pull remains stale since August 28 — news not pulled for this week's decline either.
• Roster unchanged: no entrants, no dropouts.

Sources

• Tape data (price, RSI, returns, one-year change and alpha, distance to the 200-day): pre-computed summaries as of the 2026-09-23 close — cloud-saas (Schwab).
• Prior edition (format and roster only): 2026-09-18-cloud-saas.
• News checks: latest (pulled 2026-09-21), .../ZS/news/latest.json and .../CRWD/news/latest.json (pulled 2026-09-22), .../DDOG/news/latest.json (pulled 2026-09-11, stale), .../INTU/news/latest.json (pulled 2026-08-28, stale).