CHECK POINT SOFTWARE
(CHKP-Nasdaq):
Technical Viewpoint: From a low
of $135 1/2 on Aug 11, 2000 prices
rallied, reaching a
high of $163 3/8
on Sep 20, 2000. A
decline saw prices pull back, reaching a
low of
$141.06 on Sep 28, 2000.
Another rally saw prices penetrate
resistance, closing 10/2/00
at $168 1/2. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Sep 29, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $150.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 28, 2000. A P&F upside
reversal takes place at $159.00. Summary: Technical indicators have turned bullish. BUY! CHECK POINT SOFTWARE
(CHKP-Nasdaq) @ $170 3/4 Stop: Use a protective stop of $167 3/4.
CHECK POINT SOFTWARE is currently trading @ $168 1/2 plus $11.00 on Oct 2, 2000. Price Objective:
$237.00. Risk/Reward: $3.00 VS. $66 1/4. Today's Risk Reward Ratio: 22:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$237.00
Risk/Reward:
$3.00 VS. $66 1/4
Risk/Reward Ratio:
22:1
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