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Check Point Software Technologies Stock Flashes Renewed Technical Strength

By INVESTOR'S BUSINESS DAILY

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is Check Point Software Technologies stock, which had its Relative Strength (RS) Rating upgraded from 77 to 82 Thursday.

When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.

This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.

History shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest climbs.

Looking For The Best Stocks To Buy And Watch? Start Here

Is Check Point Software Technologies Stock A Buy?

The cybersecurity stock is currently living under its 200-day moving average, amid the stock market rout. Now is not an ideal time to jump in since it isn't near a proper buy zone, but definitely put this tech issue on your watch list.

While the company's bottom line growth dropped in the company's most recent performance report from 4% to 2%, revenue grew 7%, up from 6% in the previous report.

Check Point Software Technologies stock earns the No. 6 rank among its peers in the Computer Software-Security industry group. HireRight Holdings Corp and Fortinet are also among the group's highest-rated stocks.

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