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

By Nick Russo

Today, shares of Check Point Software Technologies (NASDAQ:CHKP) have fallen below their 10-day MA of $83.11 on a volume of 133K 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, Check Point Software Technologies share prices have been bracketed by a low of $60.50 and a high of $84.58 and are now at $82.91, 37% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Check Point Software Technologies on February 17th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.61. Since that recommendation, shares of Check Point Software Technologies have risen 3.2%. 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