Hewlett-Packard Bearish Moving Average Crossover Alert (HPQ)
Today, shares of Hewlett-Packard (NYSE:HPQ) have fallen below their 10-day MA of $14.07 on a volume of 1.6 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Hewlett-Packard has traded in a range of $8.91 to $16.16 and is now at $13.92, 56% above that low. The 200-day and 50-day moving averages have moved 0.35% lower and 0.80% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Hewlett-Packard on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.63. Since that recommendation, shares of Hewlett-Packard have risen 4.1%. We continue to monitor HPQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Hewlett-Packard