Check Point Software Technologies Inc (CHKP)

[midastouch017]

Check Point Software Technologies - Ranking 2.0

Check Point Software Technologies (NASDAQ: CHKP) provides security software for corporate networks and service providers, spanning firewalls, intranets, and extranets. The company's software verifies remote users, controls access, and blocks viruses. The company also offers products that enable companies to set up virtual private networks for secure internal and remote communications, as well as bandwidth management and network performance. While the shares have clambered back above their short-term trendlines, CHKP is hitting resistance at its 10-week moving average. The security is also facing staunch resistance in the 25 region, which has stopped the stock's rally attempts on two separate occasions. CHKP is also poised to suffer its second consecutive monthly close below its 10-month moving average. Meanwhile, the stock is blanketed in optimism. The equity's SOIR of 0.53 is lower than 85 percent of all those taken over the past 52 weeks. Furthermore, the number of CHKP shares sold short dropped by 12 percent in March to 5.5 million, or just three percent of the equity's total float. With an Equity Scorecard ranking of 2.0 out of 10, CHKP could see additional downside as these bulls unload their optimistic positions.

Click on the following link to see the Weekly Chart of CHKP since December 2002 with 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=12844

Procter & Gamble - Ranking 2.5

Consumer goods giant Procter & Gamble (NYSE: PG) remains a favorite among traders. The equity's SOIR checks in at 0.57, as calls nearly double puts in the front three months of options. This reading is lower than 74 percent of all those taken over the past 52 weeks. And while short interest shot 32 percent higher, these bearish bets account for less than one percent of the stock's float and can be covered in roughly three days of trading. Wall Street is also enamored of PG, as nine of the 13 analysts following the company rate it a "buy" or better. From a technical perspective, the shares have been halted by resistance at their 10-week moving average as they cling to support at the 52 level. A breach of this level could result in a sharp decline in the equity has traders make a run for the exits. PG currently has an Equity Scorecard ranking of 2.5 out of 10.

Click on the following link to see the Weekly Chart of PG since July 2003 with 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=12844

For a complete list of the stocks on our High/Low Schaeffer's Equity Scorecard Filter, sign up for an unlimited access free trial to Schaeffer's Gold: http://www.SchaeffersResearch.com/redirect.aspx?CODE=PRGLD2M&PAGE=1

About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method

SOURCE: Schaeffer's Investment Research

Schaeffer's Jocelynn Drake, 513-589-3800 [e-mail]

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