Check Point Software Technologies (CHKP) NewsBite - CHKP Hits 52-Week High

Check Point Software Technologies (NasdaqNM: CHKP) hit a new 52-Week high of $29.03 so far today. Currently the stock is up $.66 (2.36%) to $28.62 on 1,839,214 shares traded. Today's high is up $11.82 from a 52-Week Low of $16.80 set back in last October. Check Point Software Technologies stock has been showing support around $27.59 and resistance in the $28.55 range. Technical indicators for the stock are neutral and S&P gives CHKP a neutral 3 STARS (out of 5) hold ranking. The stock rose to a new 52 week high today after Bernstein initiated coverage on the stock with an Outperform rating. If you are looking for a hedged play on CHKP the stock seems like it could be a candidate for a January in-the-money call debit spread below the 25 range.

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