Check Point Software had its Relative Strength (RS) Rating upgraded from 68 to 76 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their 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 it can break out in heavy trading. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
The company posted 9% earnings growth in the latest quarterly report, while sales growth came in at 7%. Look for the next report on or around Jan. 30.
Check Point Software earns the No. 9 rank among its peers in the Computer Software-Security industry group. CyberArk Software, Fortinet and CrowdStrike Holdings are among the top 5 highly rated stocks within the group.
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