Unified Communications Industry News

TMCNet:  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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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