Check Point Software Technologies Ltd
Change company Symbol lookup
Select an option...
CHKP Check Point Software Technologies Ltd
CTXS Citrix Systems Inc
RAKR Rainmaker Worldwide Inc
CLB Core Laboratories NV
KERN Akerna Corp
T AT&T Inc
YPPN Yappn Corp
RUSHB Rush Enterprises Inc
CMTL Comtech Telecommunications Corp
BMYMP Bristol-Myers Squibb Co
Go

Information Technology : Software | Large Cap Blend
Based in Israel
Company profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company's products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management. The Company offers Software Blades grouped into functional packages to address specific security issues. It has product offerings under these packages, which include Next Generation Firewall, Next Generation Threat Prevention, Next Generation Secure Web Gateway and Next Generation Data Protection.

Premarket

Last Trade
Delayed
$124.40
-0.06 (-0.05%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$124.46
Day's Change
0.00 (0.00%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
5,796

10-day average volume:
827,854
5,796

UPDATE: Tesla stock still a 'buy' as uptrend remains intact, chart watcher says

7:26 am ET September 24, 2020 (MarketWatch)
Print

Tomi Kilgore

Stock remains above key trend tracker, which continues to rise

Shares of Tesla Inc. took a big hit Wednesday after a Battery Day that investors deemed disappointing, and have suffered bear-market-like losses this month, but sellers beware, because this year's uptrend still lives, an Oppenheimer analyst says.

The electric vehicle industry leader's stock(TSLA) sank 10.3% to $380.36, which is 23.7% below its Aug. 31 record close of $498.32. Meanwhile, the stock was still up 354.6% so far this year.

"Notable about the recent gyrations in [Tesla] is that the stock is still above its 50-day [moving] average, meaning weakness has been in proportion to year-do-date strength -- i.e., the stock's uptrend is intact, in our view," wrote Ari Wald, technical analyst at Oppenheimer.

The 50-day moving average (50-DMA), which many chart watchers use to track the short- and intermediate-term trends, extended to $362.46 on Wednesday, according to FactSet. The 50-DMA has been rising everyday since May 7, although the pace of the daily increase has slowed to $1.54on Wednesday, from $2.50 on Tuesday and $2.81 on Monday. Read more about the 50-DMA, the level and the slope (https://www.marketwatch.com/story/this-chart-signal-says-stop-buying-megacap-technology-stocks-2020-09-20).

The 50-DMA has provided support for the stock since it last closed below it on April 9.

When the stock was plunging in early September after being snubbed by the S&P 500 index committee, highlighted by the record one-day plunge on Sept. 8 (https://www.marketwatch.com/story/tesla-stock-tumbles-toward-2nd-bear-market-in-6-months-2020-09-08), the stock bottomed out at an intraday low of $329.88, and closing low of $330.21, but stayed above the 50-DMA at the time at $329.63.

Wald expects the 50-DMA to continue as support for the stock. He said the stock, which is rated buy by Oppenheimer's fundamental analyst Colin Rusch (https://www.marketwatch.com/story/teslas-stock-falls-but-oppenheimers-rusch-says-buy-on-weakness-2020-09-23), has a technical rating of "MO quintile = 1," which generally indicates an established uptrend "that should be bought on weakness."

Another downside level to watch would be the Sept. 8 close of $330.21. A close below that level, before the stock can close above its Sept. 15 rebound high of $449.76, would confirm a bearish "double-top" (https://cmtassociation.org/kb/double-bottom-and-double-top/) technical reversal pattern, as well as launch a pattern of lower highs and lower lows, which many believe defines a downtrend. Read more about how the Dow Theory defines a downtrend (https://cmtassociation.org/kb/dow-theory-basic-tenets/).

But in the meantime, as long as the stock holds above a rising 50-DMA, as well as its previous closing low, the chart's outlook is still on the bullish side.

"Overall, aside from additional time to consolidate over the near term, our work indicates the stock should resume higher over the long term," Wald wrote.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 24, 2020 07:26 ET (11:26 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.