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HPQ Remains in Thrust Position...


Helped by the Barclays upgrade to OW from EW, and a raise in its target price to 38 from 33, Hewlett-Packard Company (HPQ) again appears poised for upside acceleration from atop its massive 3-year accumulation pattern.

A climb above its Feb 21 high at 30.71 should trigger a run at 32.50 quickly.

Only a decline that breaks the prior pullback low at 28.75 will compromise the timing of the anticipate next upleg.

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