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Check Point Software Technologies Crosses Above its 10-day MA (CHKP)

By Amy Schwartz

Check Point Software Technologies (NASDAQ:CHKP) crossed over its 10-day moving average of $111.37 on a volume of 161K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Check Point Software Technologies share prices have been bracketed by a low of $65.09 and a high of $115.87 and are now at $112.50, 73% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Check Point Software Technologies on October 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.44. Since that recommendation, shares of Check Point Software Technologies have risen 41.7%. We continue to monitor CHKP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses check point software technologies

Ticker(s): CHKP