Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been under a strong bear grip, hence the stock is down -3.05% 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 3.11% in the past 1 week. The stock has risen by 4.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.48% in the past 4 weeks.
The company shares have rallied 4.02% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $89.98 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $82.70 and the 200 Day Moving Average price is recorded at $82.07.
The stock has recorded a 20-day Moving Average of 2.38% and the 50-Day Moving Average is 0.67%.
Check Point Software Technologies Ltd. (NASDAQ:CHKP): stock turned positive on Friday. Though the stock opened at $82.06, the bulls momentum made the stock top out at $83.2 level for the day. The stock recorded a low of $81.97 and closed the trading day at $83.15, in the green by 1.58%. The total traded volume for the day was 1,275,989. The stock had closed at $81.86 in the previous days trading.
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.