In a welcome move, Check Point Software saw its Relative Strength Rating rise from 67 to 76 on Friday.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating of at least 80 as they begin their biggest price moves. See if Check Point Software can continue to rebound and clear that threshold.
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Check Point Software is building a consolidation with a 210.70 buy point. See if the stock can break out in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those entail more risk.
The company posted 9% earnings growth in the latest quarterly report. Sales gains came in at 7%.
Check Point Software holds the No. 8 rank among its peers in the Computer Software-Security industry group. Fortinet, CrowdStrike Holdings and CyberArk Software are among the top 5 highly rated stocks within the group.
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