|
HEWLETT-PACKARD CORP
(HPQ-NYSE):
Technical Viewpoint: From a low
of $29.98 on Jul 21, 2006 prices
rallied, reaching a
high of $37.25
on Sep 12, 2006. A
decline saw prices pull back, reaching a
low of
$34.15 on Sep 22, 2006.
Another rally saw prices penetrate
resistance, closing 10/2/06
at $37.66. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 2, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 7, 2006. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD CORP
(HPQ-NYSE) @ $37.75 Stop: Use a protective stop of $35.75.
HEWLETT-PACKARD CORP is currently trading @ $37.66 plus $0.97 on Oct 2, 2006. Price Objective:
$47.00. Risk/Reward: $2.00 VS. $9.25. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$47.00
Risk/Reward:
$2.00 VS. $9.25
Risk/Reward Ratio:
5:1
|
