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After Yesterday's Rally of 1.75% Shares Could Potentially Pullback

By Nick Russo

Hp Inc (NYSE:HPQ) traded in a range yesterday that spanned from a low of $24.67 to a high of $25.07. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $24.89 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Hp Inc share prices have moved between a 52-week high of $25.28 and a 52-week low of $19.10 and are now trading 31% above that low price at $25.00 per share. The 200-day and 50-day moving averages have moved 0.20% higher and 0.48% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Hp Inc on May 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.65. Since that recommendation, shares of Hp Inc have risen 8.6%. We continue to monitor HPQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hp inc

Ticker(s): HPQ