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Bearish Moving Average Cross by Check Point Software Technologies (CHKP)

By Amy Schwartz

Check Point Software Technologies (NASDAQ:CHKP) shares have crossed bearishly below their 10-day moving average of $75.50 on a volume of 169K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Check Point Software Technologies have traded between a low of $65.09 and a high of $89.98 and are now at $75.18, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Check Point Software Technologies. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Check Point Software Technologies in search of a potential trend change.

Keywords: moving crosses check point software technologies

Ticker(s): CHKP