Check out this Checkpoint chart $CHKP – March 6, 2025
This is Scott at Scott Trades on Twitter with StockMarketMentor.com and your Chart of the Day. I want to take a look at Checkpoint Software ( NASDAQ: CHKP ).
Checkpoint ( NASDAQ: CHKP ) is showing a lot of relative strength right now, versus most of the market. If you’ve looked at SPY ( NYSEARCA: SPY ), we see SPY ( NYSEARCA: SPY ) is down around its 200-day moving average. The QQQ ( NASDAQ: QQQ ) is under the 200-day moving average. So Checkpoint ( NASDAQ: CHKP ) is outperforming the major indexes right now.
That is a sign of relative strength, and if you’ve watched some of my Chart of the Day videos before you notice that that is something I look for. Because we want to find stocks that are holding up well, even when the rest of the market looks bad. A lot of times when the rest of the market does eventually turn around, these high relative strength stocks end up doing really well.
I would keep an eye on Checkpoint ( NASDAQ: CHKP ). I don’t think it’s something that you need to necessarily FOMO into. But if I see a break and a move above 225.00 on Checkpoint ( NASDAQ: CHKP ), I think that could be good for a momentum trade. And then you’re following that move up until the trend breaks.
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