Large Inflow of Money Detected in Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. (CHKP) : The money flow analysis of Check Point Software Technologies Ltd. (CHKP) indicates a $14.73 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $17.43 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.18 and so was the total money flow at $2.7 million. A solid up-down ratio of 2.05 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $5.01 million worth of block trades on upticks. Only $2.44 million worth of the stock exchanged hands on downticks. The money flow was $2.57 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Check Point Software Technologies Ltd. (CHKP), pushing it down by -0.31% for the day. The stock slid $0.25 and traded at $81.67 during the day. Nonetheless, the stock is -1.78% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 1.14% and the 50-Day Moving Average is 1.05%. Shares have rallied 2.95% 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 $82.67 and the 200 Day Moving Average price is recorded at $82.07.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): The stock opened at $82.19 on Thursday but the bulls could not build on the opening and the stock topped out at $82.42 for the day. The stock traded down to $81.55 during the day, due to lack of any buying support eventually closed down at $81.67 with a loss of -0.31% for the day. The stock had closed at $81.92 on the previous day. The total traded volume was 1,022,671 shares.

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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