HEWLETT-PACKARD CO
(HWP-NYSE):
Technical Viewpoint: From a low
of $77.00 on May 6, 1999 prices
rallied, reaching a
high of $97.56
on May 18, 1999. A
decline saw prices pull back, reaching a
low of
$85 5/8 on Jun 14, 1999.
Another rally saw prices penetrate
resistance, closing 7/9/99
at $106.69. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 28, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $98 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 8, 1999. A P&F upside
reversal takes place at $103.00. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD CO
(HWP-NYSE) @ $107 1/8 Stop: Use a protective stop of $103 7/8.
HEWLETT-PACKARD CO is currently trading @ $106.69 plus $0.88 on Jul 9, 1999. Price Objective:
$147.00. Risk/Reward: $3 1/4 VS. $39 7/8. Today's Risk Reward Ratio: 12:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$147.00
Risk/Reward:
$3 1/4 VS. $39 7/8
Risk/Reward Ratio:
12:1
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