Check Point Software Technologies
Check Point Software Technologies (CHKP - Get Report) develops technologies to secure communications and transactions over the Internet by enterprises and consumers. This stock is trading up 1.8% at $62.81 in recent trading.
Today's Volume: 1.3 millionAverage Volume: 1.5 million Volume % Change: 75% From a technical perspective, CHKP is bouncing modestly today right off some near-term support at $61.24, which also sits right above its 50-day moving average of $60.24. This move is quickly pushing CHKP within range of triggering a breakout trade. That trade will hit once CHKP takes out some near-term overhead resistance at $64.77 with high-volume. Traders should now look for long-biased trades once CHKP moves and closes over $64.77 with volume that's near or well above 1,489,450 shares. If we get that action soon, look for CHKP to make a run at $70 in the near future. Check Point is one of Renaissance Technologies' top holdings as of the most recently reported quarter.