Check Point Software Technologies Ltd. (CHKP) Shares are Up 0.7%

Check Point Software Technologies Ltd. (CHKP) has been under a strong bear grip, hence the stock is down -2.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.09% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.7% in the last 1 week, and is up 4.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.67 and $80.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.73, notching a gain of 0.47% for the day. The total traded volume was 1,636,651 . The stock had closed at $81.35 on the previous day.


The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 0.9%. Check Point Software Technologies Ltd. has dropped 1.45% during the last 3-month period . Year-to-Date the stock performance stands at 0.43%.

Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis, or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

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