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Shares of Hewlett-Packard Under Pressure, Down 1.8%

Published on Tue, 01/29/2013 - 11:26
By Adrienne Chilton

Hewlett-Packard (NYSE:HPQ) is one of today's notable stocks in decline, down 1.8% to $16.71. The S&P is currently trading fractionally higher to 1,502 and the Dow Jones Industrial Average is trading 0.2% higher to 13,917.

In the past 52 weeks, shares of Hewlett-Packard have traded between a low of $11.35 and a high of $30.00 and are now at $16.71, which is 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.5%.

Hewlett-Packard (NYSE:HPQ) is currently priced 18.8% above its average consensus analyst price target of $13.57. The stock should find resistance at its 200-day moving average (MA) of $18.05, as well as support at its 50-day MA of $14.57.

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 Adrienne Chilton
achilton@fnno.com

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