CHECK POINT SOFTWARE
(CHKP-Nasdaq):
Technical Viewpoint: From a low
of $19.56 on Sep 27, 2001 prices
rallied, reaching a
high of $28.99
on Oct 4, 2001. A
decline saw prices pull back, reaching a
low of
$25.70 on Oct 10, 2001.
Another rally saw prices penetrate
resistance, closing 10/16/01
at $32.17. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 3, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.50. Resistance: Is at $33.00.
Point & Figure: Reversed to the upside on Oct 16, 2001. A P&F upside
reversal takes place at $30.50. Summary: Technical indicators have turned bullish. BUY! CHECK POINT SOFTWARE
(CHKP-Nasdaq) @ $32.38 Stop: Use a protective stop of $29.75.
CHECK POINT SOFTWARE is currently trading @ $32.17 plus $2.35 on Oct 16, 2001. Price Objective:
$45.00. Risk/Reward: $2.63 VS. $12.63. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$45.00
Risk/Reward:
$2.63 VS. $12.63
Risk/Reward Ratio:
5:1
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