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Hewlett-Packard (HPQ) Approaches New Upside Target of $17.62

By David Diaz

Shares of Hewlett-Packard (NYSE:HPQ) opened today above their pivot of $17.31 and have already reached the first level of resistance at $17.49. Should the shares continue to rise, the resistance pivots of $17.62 and $17.93 will be of interest.

Based on a current price of $17.59, Hewlett-Packard is currently 0.4% above its average consensus analyst price target of $17.51. Hewlett-Packard shares have support at the 200-day moving average (MA) of $12.08 and additional support at the 50-day MA of $11.93.

Over the past year, Hewlett-Packard has traded in a range of $8.91 to $19.58 and is now at $17.59, 97% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

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

Keywords: pivot alerts Hewlett-Packard

Ticker(s): HPQ