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

Written on Thu, 12/27/2012 - 3:39pm
By James Quinn

Today, shares of Check Point Software Technologies (NASDAQ:CHKP) have crossed bearishly below their 10-day moving average of $47.33 on a volume of 689K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Check Point Software Technologies has traded in a range of $40.60 to $65.00 and is now at $47.20, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.2%.

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

Contact James Quinn



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