Hewlett-packard $HPQ Technical Update
The Hewlett-packard (NYSE: HPQ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for HPQ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
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Long Term Trading Plans for HPQ
December 6, 2018, 11:00 am ET
The Technical Summary and Trading Plans for HPQ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HPQ Report.
HPQ - (Long) Support Plan
The technical summary data tells us to buy HPQ near 22.79 with an upside target of 24.93. This data also tells us to set a stop loss @ 22.53 to protect against excessive loss in case the stock begins to move against the trade. 22.79 is the first level of support below 23.24 , and by rule, any test of support is a buy signal. In this case, support 22.79 would be being tested, so a buy signal would exist.
HPQ - (Short) Resistance Plan
The technical summary data is suggesting a short of HPQ as it gets near 24.93 with a downside target of 22.79. We should have a stop loss in place at 25.19 though. 24.93 is the first level of resistance above 23.24, and by rule, any test of resistance is a short signal. In this case, if resistance 24.93 is being tested, so a short signal would exist.