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Hewlett Packa Bearish Moving Average Crossover Alert (HPE)

By David Diaz

Hewlett Packa (NYSE:HPE) shares have crossed bearishly below their 10-day moving average of $16.14 on a volume of 3.9 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Hewlett Packa have traded between a low of $12.81 and a high of $19.48 and are now at $15.99, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in Hewlett Packa. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hewlett Packa in search of a potential trend change.

Keywords: moving crosses hewlett packa

Ticker(s): HPE