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Hp Inc Looks to Continue to Trade Below its Annual-Low Share Price Today

By Shiri Gupta

Hp Inc (NYSE:HPQ) traded at a new 52-week low today of $17.20. So far today approximately 7.5 million shares have been exchanged, as compared to an average 30-day volume of 8.3 million shares.

Potential upside of 45.1% exists for Hp Inc, based on a current level of $17.49 and analysts' average consensus price target of $25.38. Hp Inc shares should first meet resistance at the 50-day moving average (MA) of $20.43 and find additional resistance at the 200-day MA of $20.88.

HP Inc. provides imaging and printing systems, computing systems, mobile devices, solutions, and services for business and home. The Company offers products which includes laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. HP sells its products worldwide.

Hp Inc share prices have moved between a 52-week high of $27.08 and the current low of $17.20 and are currently at $17.49 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Hp Inc and will alert subscribers who have HPQ in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows hp inc

Ticker(s): HPQ