Stock Picks: Check Every Point for Network security: CHKP

December 22, 2020, 1:20 pm EST

Check Every Point for Network security: CHKP

As mentioned in our 12/18 article “Cybersecurity for Your Security”, security becomes red-hot topics for both hardware, software and network. Presidential elections could become void when the results are hacked and manipulated like US presidential elections that was discovered by Fireeye (FEYE) on Solarwinds (SWI). Vote counting systems made by Dominion that caused resignation of US attorney general William Barr. Thus, it is essential to protect network security from all angles for individual, business, and government. 

Check Point Software Technologies (CHKP), a 18 billion Israel company, is one of the experts in this area. Recent stock jump from FEYE triggers demand for CHKP. 

  • Yesterday 12/21 and today 12/22 strong performance should offer a good entry point for CHKP. 
  • Resistance is 128 so higher volume breakout opens the opportunity for potential uptrend.
  • Sell-stop is 120 that yesterday’s low
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