|
HEWLETT-PACKARD CO
(HWP-NYSE):
Technical Viewpoint: From a low
of $29 1/8 on Dec 21, 2000 prices
rallied, reaching a
high of $36.44
on Jan 4, 2001. A
decline saw prices pull back, reaching a
low of
$29.94 on Jan 12, 2001.
Another rally saw prices penetrate
resistance, closing 1/29/01
at $37.53. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 23, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.00. Resistance: Is at $41.06.
Point & Figure: Reversed to the upside on Jan 29, 2001. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! Hewlett-Packard Co
(HWP-NYSE) @ $37 7/8 Stop: Use a protective stop of $35 3/8.
Hewlett-Packard Co is currently trading @ $37.53 plus $3.09 on Jan 29, 2001. Price Objective:
$48.00. Risk/Reward: $2 1/2 VS. $10 1/8. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2 1/2 VS. $10 1/8
Risk/Reward Ratio:
4:1
|
