Markets finish week down after bouncing on Bannon's exit >>> READ MORE

6 Stocks to Sell in January

These stocks are especially vulnerable in this volatile market

      View All  

Stock to Sell #2 – Check Point Software Technologies (CHKP)

Check Point Software Technologies (NYSE:CHKP), a provider of network security products, is having only moderate growth in its core business. A weaker-than-expected global growth picture and increased competition are also hurting results. Several analysts have noted CHKP’s slow growth and recently cut their estimates.

The stock failed to break through its 200-day moving average, selling is picking up, and the MACD flashed a sell signal in the first week of January. A failure to hold at its 50-day moving average at $45.70 could lead to a quick test of the saucer with support at $43 and then a run against its low at under $41.

CHKP Chart
Click to Enlarge

Trade of the Day Chart Key 

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC