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HEWLETT-PACKARD CO
(HWP-NYSE):
Technical Viewpoint: From a low
of $65 1/8 on Apr 12, 1999 prices
rallied, reaching a
high of $97.56
on May 18, 1999. A
decline saw prices pull back, reaching a
low of
$85 5/8 on Jun 14, 1999.
Another rally saw prices penetrate
resistance, closing 6/21/99
at $94.00. Technicals: Demand Index (DI): A Buy Alert!
was given on Jun 21, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $88.00. Resistance: Is at $97 1/2.
Point & Figure: Reversed to the upside on Jun 16, 1999. A P&F upside
reversal takes place at $91.00. Summary: Technical indicators have turned bullish. BUY! Hewlett-Packard Co
(HWP-NYSE) @ $94 1/4 Stop: Use a protective stop of $91 1/4.
Hewlett-Packard Co is currently trading @ $94.00 plus $2.06 on Jun 21, 1999. Price Objective:
$116.00. Risk/Reward: $3.00 VS. $21 3/4. 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:
$116.00
Risk/Reward:
$3.00 VS. $21 3/4
Risk/Reward Ratio:
7:1
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