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Hewlett-Packard Shares Sinking Lower, Down 1.9%

Published on Fri, 01/11/2013 - 13:18
By Robert Cotter

Hewlett-Packard (NYSE:HPQ), a company whose shares are moving quickly, is trading 1.9% lower to $15.96. The Dow Jones Industrial Average is now trading fractionally higher to 13,480 and the S&P is trading fractionally lower to 1,470.

Hewlett-Packard share prices have moved between a 52-week high of $30.00 and a 52-week low of $11.35 and are now trading 41% above that low price at $15.96 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.8%.

Hewlett-Packard (NYSE:HPQ) is currently priced 18.6% above its average consensus analyst price target of $12.99. The stock should find resistance at its 200-day moving average (MA) of $18.41, as well as support at its 50-day MA of $13.88.

Hewlett-Packard Company provides imaging and printing systems, computing systems, and information technology services for business and home. The Company's products include laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. Hewlett-Packard sells its products worldwide.

By Robert Cotter
rcotter@fnno.com