SmarTrend identified an Uptrend for Check Point Software Technologies (NASDAQ:CHKP) on July 13, 2010 at $32.10. In approximately 6 months, Check Point Software Technologies has returned 44.5% as of today’s recent price of $46.39.
In the past 52 weeks, shares of Check Point Software Technologies have traded between a low of $28.82 and a high of $46.18 and are now at $46.39, which is 61% above that low price.
Check Point Software Technologies is currently above its 50-day moving average of $43.71 and above its 200-day moving average of $36.34. Look for these moving averages to climb to confirm the company’s upward momentum.
In the last five trading sessions, the 50-day MA has climbed 1.21% while the 200-day MA has risen 0.62%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Check Point Software Technologies shares.
Source:-http://cable.tmcnet.com/news/2010/12/30/5218074.htm
