In a welcome move, Check Point Software saw its Relative Strength Rating rise from 62 to 71 on Tuesday.
Can You Really Time The Stock Market?
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest price moves. See if Check Point Software can continue to show renewed price strength and hit that benchmark.
Check Point Software is working on a consolidation with a 234.35 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those entail more risk.
Check Point Software saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 5% to 8%. Revenue rose from 6% to 7%. Keep an eye out for the company's next round of numbers on or around Jul. 30.
Check Point Software holds the No. 10 rank among its peers in the Computer Software-Security industry group. Zscaler, CrowdStrike Holdings and Fortinet are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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