TMCnet - World's Largest Communications and Technology Community



Hewlett-Packard Set to Possibly Rebound After Yesterday's Selloff of 2.01%
[November 13, 2012]

Hewlett-Packard Set to Possibly Rebound After Yesterday's Selloff of 2.01%

Nov 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- Hewlett-Packard (NYSE:HPQ) traded in a range yesterday that spanned from a low of $13.07 to a high of $13.40. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $13.31 on volume of 26.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that its subscribers protect gains by selling shares of Hewlett-Packard on August 23rd, 2012 by issuing a Downtrend alert when the shares were trading at $17.89. Since that call, shares of Hewlett-Packard have fallen 25.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Hewlett-Packard have traded between the current low of $13.07 and a high of $30.00 and are now at $13.15. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 0.9%.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To's Homepage ]

Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2015 Technology Marketing Corporation. All rights reserved | Privacy Policy