HEWLETT-PACKARD CO
(HPQ-NYSE):
Technical Viewpoint: From a low
of $33.40 on May 8, 2009 prices
rallied, reaching a
high of $36.98
on May 19, 2009. A
decline saw prices pull back, reaching a
low of
$33.55 on May 21, 2009.
Another rally saw prices penetrate
resistance, closing 6/12/09
at $37.76. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 5, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 1, 2009. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD CO
(HPQ-NYSE) @ $37.88 Stop: Use a protective stop of $35.88.
HEWLETT-PACKARD CO is currently trading @ $37.76 plus $0.53 on Jun 12, 2009. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $9.62. Today's Risk Reward Ratio: 5:1
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