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Positive News From INTC Also Bullish for HPQ

This week’s upside acceleration in Hewlett-Packard Company (HPQ) has the right look of the initiation of a new upleg extension off of the post-EPS low at 31.01 that points to a next target zone of 36.30/70.

Only a sudden downside reversal and break below the prior pullback low at 33.14 will wreck the very constructive set-up.

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