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Shares of Hewlett-Packard Receive a Boost, Up 1.9%

Published on Mon, 04/29/2013 - 12:30
By Robert Cotter

Hewlett-Packard (NYSE:HPQ) is a company whose shares are active, trading 1.9% higher to $20.36. The S&P is currently trading 0.8% higher to 1,595 and the Dow Jones Industrial Average is trading 0.7% higher to 14,814.

Based on a current price of $20.36, Hewlett-Packard is currently 14.9% above its average consensus analyst price target of $17.32. The stock should find resistance at its 50-day moving average (MA) of $20.85, as well as support at its 200-day MA of $17.31.

In the past 52 weeks, Hewlett-Packard share prices have been bracketed by a low of $11.35 and a high of $25.40 and are now at $20.36, 79% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

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