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.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!