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CHECK POINT SFTWARE TECH
(CHKP-Nasdaq):
Technical Viewpoint: From a low
of $16.81 on Dec 31, 2003 prices
rallied, reaching a
high of $21.77
on Jan 20, 2004. A
decline saw prices pull back, reaching a
low of
$20.09 on Jan 29, 2004.
Another rally saw prices penetrate
resistance, closing 2/6/04
at $22.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 7, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 6, 2004. A P&F upside
reversal takes place at $20.50. Summary: Technical indicators have turned bullish. BUY! CHECK POINT SFTWARE TECH
(CHKP-Nasdaq) @ $22.38 Stop: Use a protective stop of $20.38.
CHECK POINT SFTWARE TECH is currently trading @ $22.25 plus $1.44 on Feb 6, 2004. Price Objective:
$32.00. Risk/Reward: $2.00 VS. $9.62. 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:
$32.00
Risk/Reward:
$2.00 VS. $9.62
Risk/Reward Ratio:
5:1
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