When the Price of Check Point Software $CHKP Talks, People Listen

September 13, 2023, 17:45 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CHKP

• Buy CHKP slightly over 130.52 target 137.57 stop loss @ 130.14 Details

The technical summary data tells us to buy CHKP near 130.52 with an upside target of 137.57. This data also tells us to set a stop loss @ 130.14 to protect against excessive loss in case the stock begins to move against the trade. 130.52 is the first level of support below 134.56 , and by rule, any test of support is a buy signal. In this case, support 130.52 is being tested, a buy signal would exist.

• Short CHKP slightly under 137.57, target 130.52, stop loss @ 137.97 Details

The technical summary data is suggesting a short of CHKP as it gets near 137.57 with a downside target of 130.52. We should have a stop loss in place at 137.97though. 137.57 is the first level of resistance above 134.56, and by rule, any test of resistance is a short signal. In this case, if resistance 137.57 is being tested, a short signal would exist.

Swing Trading Plans for CHKP

• Buy CHKP slightly over 136.17, target 137.57, Stop Loss @ 135.78 Details

If 136.17 begins to break higher, the technical summary data tells us to buy CHKP just slightly over 136.17, with an upside target of 137.57. The data also tells us to set a stop loss @ 135.78 in case the stock turns against the trade. 136.17 is the first level of resistance above 134.56, and by rule, any break above resistance is a buy signal. In this case, 136.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CHKP slightly near 136.17, target 134.38, Stop Loss @ 136.56. Details

The technical summary data is suggesting a short of CHKP if it tests 136.17 with a downside target of 134.38. We should have a stop loss in place at 136.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 136.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CHKP

• Buy CHKP slightly over 135.08, target 136.17, Stop Loss @ 134.76 Details

If 135.08 begins to break higher, the technical summary data tells us to buy CHKP just slightly over 135.08, with an upside target of 136.17. The data also tells us to set a stop loss @ 134.76 in case the stock turns against the trade. 135.08 is the first level of resistance above 134.56, and by rule, any break above resistance is a buy signal. In this case, 135.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CHKP slightly near 135.08, target 134.38, Stop Loss @ 135.4. Details

The technical summary data is suggesting a short of CHKP if it tests 135.08 with a downside target of 134.38. We should have a stop loss in place at 135.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 135.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Check Point Software (CHKP) available here: CHKP.

CHKP Ratings for September 13:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	123.37
P2	135.08	134.38	130.52
P3	136.45	136.17	137.57

AI Generated Signals for CHKP

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Check Point Software (NASDAQ: CHKP) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for CHKP can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.