Check Point (CHKP) Offering Possible 8.7% Return Over the Next 24 Calendar Days

Check Point's most recent trend suggests a bearish bias. One trading opportunity on Check Point is a Bear Call Spread using a strike $90.00 short call and a strike $100.00 long call offers a potential 8.7% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $9.20 would be incurred if the stock rose above the $100.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Check Point is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Check Point is bearish.

The RSI indicator is at 38.83 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Check Point

Were Hedge Funds Right About Buying Check Point Software Technologies (CHKP)?
Thu, 19 Mar 2020 04:17:20 +0000
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Stock Upgrades: Check Point Software Technologies Shows Rising Relative Strength
Wed, 18 Mar 2020 22:19:00 +0000
A Relative Strength Rating upgrade for Check Point Software Technologies shows improving technical performance. Will it continue?

The Zacks Analyst Blog Highlights: Fortinet, FireEye and Check Point
Mon, 16 Mar 2020 14:13:02 +0000
The Zacks Analyst Blog Highlights: Fortinet, FireEye and Check Point

Hackers are using coronavirus concerns to trick you, cybersecurity pros warn
Sun, 15 Mar 2020 14:13:00 +0000
The COVID-19 coronavirus isn’t the only virus people have to worry about as the fear of the pandemic has become a powerful tool for hackers to get you to click on one of their links without thinking.

What Is Check Point Software Technologies's (NASDAQ:CHKP) P/E Ratio After Its Share Price Tanked?
Fri, 13 Mar 2020 11:01:52 +0000
To the annoyance of some shareholders, Check Point Software Technologies (NASDAQ:CHKP) shares are down a considerable…

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