SmarTrend identified a Downtrend for Check Point Software Technologies (NASDAQ:CHKP) on May 06, 2010 at $31.27. In approximately 3 weeks, Check Point Software Technologies has returned 5.1% as of today’s recent price of $29.66.
Check Point Software Technologies is currently below its 50-day moving average of $34.34 and below its 200-day moving average of $32.05. Look for these moving averages to decline to confirm the company’s downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Check Point Software Technologies.
source:-http://www.mysmartrend.com/news-briefs/technical-analysis/downtrend-spotted-shares-check-point-software-technologies-chkp
