Check Point Software (CHKP) has been a consistently strong stock over the years. For the last 18 months, the stock has been consolidating and, as of this week, looks ready to make its next move to higher highs.
As long as the breakout holds above $120, the stock looks great. I like the higher volume showing up as the stock confirms the breakout.
Wednesday's Market Buzz talked about the bank stocks. Click on the Market Buzz below to watch.
Here is the the Canadian Market Roundup for mid-March.
Below is some information on other videos produced this week.
Here is a link to this week's Weekly Market Roundup video, with a lot more information on the asset classes.
If you would like to learn more about the basics of charting, check out Stock Charts for Dummies. The first section of the book walks through all the chart settings you need to help you get the charts you want, the second section explores why you might use charts for investing and the third section is about putting it all together.
Click here to buy your copy of Stock Charts For Dummies today!
If you are missing intermarket signals in the market, follow me on Twitter and check out my Vimeo Channel. Bookmark it for easy access!
Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts for Dummies
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The Canadian Technician
