HEWLETT-PACKARD
(HWP-NYSE):
Technical Viewpoint: From a low
of $67.00 on Oct 27, 1999 prices
rallied, reaching a
high of $112.81
on Dec 9, 1999. A
decline saw prices pull back, reaching a
low of
$99.06 on Dec 15, 1999.
Another rally saw prices penetrate
resistance, closing 12/23/99
at $112 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 19, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $108.00. Resistance: Is at $114 5/8.
Point & Figure: Reversed to the upside on Dec 21, 1999. A P&F upside
reversal takes place at $108.00. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD
(HWP-NYSE) @ $113 1/8 Stop: Use a protective stop of $109 7/8.
HEWLETT-PACKARD is currently trading @ $112 5/8 plus $5.699 on Dec 23, 1999. Price Objective:
$132.00. Risk/Reward: $3 1/4 VS. $18 7/8. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$132.00
Risk/Reward:
$3 1/4 VS. $18 7/8
Risk/Reward Ratio:
6:1
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