HEWLETT-PACKARD CO
(HWP-NYSE):
Technical Viewpoint: From a low
of $63 3/8 on Mar 1, 1999 prices
rallied, reaching a
high of $74.19
on Mar 19, 1999. A
decline saw prices pull back, reaching a
low of
$65 1/8 on Apr 12, 1999.
Another rally saw prices penetrate
resistance, closing 4/21/99
at $75 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 14, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $66 1/4. Resistance: Is at $77 1/2.
Point & Figure: Reversed to the upside on Apr 13, 1999. A P&F upside
reversal takes place at $71 1/4. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD CO
(HWP-NYSE) @ $75 5/8 Stop: Use a protective stop of $72 3/4.
HEWLETT-PACKARD CO is currently trading @ $75 1/2 plus $4 1/8 on Apr 21, 1999. Price Objective:
$101 1/4. Risk/Reward: $2 7/8 VS. $25 5/8. Today's Risk Reward Ratio: 9:1
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