Hewlett Packard Co. (HPQ) showing head and shoulder pattern
By Mark Moneymaster
November 23, 2009 8:19 AM
November 23, 2009 8:19 AM
Symbols: HPQ
The Hewlett Packard Co. (NASDAQ: HPQ) stock is showing reversal pattern near $51 levels. Traders can short the Hewlett Packard Co. (HPQ) stock near current levels and expect the stock to find some support near $47 levels.
Hewlett Packard Co. (HPQ) is due to report its quarterly results next week. The stock has low trading volume at higher levels. Further weakness in Hewlett Packard Co. (HPQ) stock is likely in this week.
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