Stocks

Hewlett-Packard tries to vent off overbought saturation - Analysis - 15-02-2019

2019-02-15 13:57:44 GMT (Economies.com)

Hewlett-Packard's stock fell 0.39% in the last session, or 0.09 points, while venting off overbought saturation in the RSI, as it gathers momentum to help it rise anew, while buoyed by piercing a descending price channel that guided recent trading, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to rise and target the resistance of 24.17, as long as the support of 22.54 holds on. 

 

Expected trend for today: Likely Bullish 

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