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After Yesterday's Rally of 1.28% Shares Could Potentially Pullback

By Amy Schwartz

Hewlett Packa (NYSE:HPE) traded in a range yesterday that spanned from a low of $17.62 to a high of $17.85. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $17.67 on volume of 8.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Hewlett Packa have traded between a low of $12.71 and a high of $19.48 and are now at $17.80, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Hewlett Packa on January 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.46. Since that recommendation, shares of Hewlett Packa have risen 6.7%. We continue to monitor HPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hewlett packa

Ticker(s): HPE