The Relative Strength (RS) Rating for Check Point Software Technologies stock jumped into a new percentile Friday, as it got a lift from 67 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Check Point Software Technologies can continue to rebound and clear that threshold.
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Is CheckPoint Software Technologies Stock A Buy?
CheckPoint Software Technologies stock has been trading below its 50-day and 200-day moving average. While the stock is not near a proper buy zone right now, see if it manages to form and break out of a proper chart pattern.
The cybersecurity firm showed 2% earnings growth in its most recent report. Sales gains came in at 9%. The next quarterly numbers are expected on or around Oct. 28.
CheckPoint Software Technologies earns the No. 8 rank among its peers in the Computer Software-Security industry group. Qualys and Absolute Software are also among the group's highest-rated stocks.
