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After Yesterday's Rally of 1.34% Shares Could Potentially Pullback

By Amy Schwartz

Check Point Software Technologies (NASDAQ:CHKP) traded in a range yesterday that spanned from a low of $74.90 to a high of $76.06. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $75.70 on volume of 936,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Check Point Software Technologies on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $77.98. Since that call, shares of Check Point Software Technologies have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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 $75.94, which is 17% 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.

Keywords: rebounders check point software technologies

Ticker(s): CHKP