HEWLETT-PACKARD
(HWP-NYSE):
Technical Viewpoint: From a low
of $85 5/8 on Jun 14, 1999 prices
rallied, reaching a
high of $118.44
on Jul 19, 1999. A
decline saw prices pull back, reaching a
low of
$103.94 on Aug 2, 1999.
Another rally saw prices penetrate
resistance, closing 8/5/99
at $114.00. Technicals: Demand Index (DI): A Buy Alert!
was given on Aug 5, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $104.00. Resistance: Is at $118.00.
Point & Figure: Reversed to the upside on Aug 4, 1999. A P&F upside
reversal takes place at $108.00. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD
(HWP-NYSE) @ $114 1/8 Stop: Use a protective stop of $111 1/4.
HEWLETT-PACKARD is currently trading @ $114.00 plus $3 3/4 on Aug 5, 1999. Price Objective:
$136.00. Risk/Reward: $2 7/8 VS. $21 7/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$136.00
Risk/Reward:
$2 7/8 VS. $21 7/8
Risk/Reward Ratio:
7:1
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