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CHECK POINT SOFTWARE
(CHKP-Nasdaq):
Technical Viewpoint: From a low
of $15.76 on May 7, 2002 prices
rallied, reaching a
high of $20.68
on May 17, 2002. A
decline saw prices pull back, reaching a
low of
$10.37 on Jul 2, 2002.
Another rally saw prices penetrate
resistance, closing 7/22/02
at $14.93. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jul 3, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $13.50. Resistance: Is at $14.98.
Point & Figure: Reversed to the upside on Jul 15, 2002. A P&F upside
reversal takes place at $13.00. Summary: Technical indicators have turned bullish. BUY! CHECK POINT SOFTWARE
(CHKP-Nasdaq) @ $15.13 Stop: Use a protective stop of $13.63.
CHECK POINT SOFTWARE is currently trading @ $14.93 plus $1.07 on Jul 22, 2002. Price Objective:
$22.50. Risk/Reward: $1.50 VS. $7.38. 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:
$22.50
Risk/Reward:
$1.50 VS. $7.38
Risk/Reward Ratio:
5:1
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