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HaseebKhan_90
Mar 19, 2022 3:49 AM

$CHKP breaking its 15 month base! Pullback recovering. Long

Check Point Software Technologies Ltd.NASDAQ

Description

* Excellent earnings
* Very strong up trend on the longer time frame
* Breaking out of a 15 month base
* Sector: Technology - Software - Application
* Relative Strength vs. Sector: 3.81
* Relative Strength vs. SP500: 10.48
* U/D Ratio: 1.95
* Base Depth: 25.82%
* Distance from breakout buy point: 1.75%
* Volume 13.76% above its 15 day avg.

Trade Idea:
* You can enter now as the price is very close to its breakout point.
* Or if you want to look for a better buy opportunity you can look to enter around the $137.47 area as that should serve as support moving forward.
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