Hewlett-packard $HPQ Technical Update – Stock Traders Daily

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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.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Weak Neutral
P1 19.15 18.23 18.30
P2 19.70 21.42 21.38
P3 19.98 24.45 24.44

Long Term Trading Plans for HPQ

March 16, 2019, 2:15 pm 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 18.30 with an upside target of 21.38. This data also tells us to set a stop loss @ 18.04 to protect against excessive loss in case the stock begins to move against the trade. 18.30 is the first level of support below 19.94 , and by rule, any test of support is a buy signal. In this case, support 18.30 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 21.38 with a downside target of 18.30. We should have a stop loss in place at 21.64 though. 21.38 is the first level of resistance above 19.94, and by rule, any test of resistance is a short signal. In this case, if resistance 21.38 is being tested, so a short signal would exist.

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