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Hp Inc (HPQ) Approaches New Downside Target of $18.56

By David Diaz

Hp Inc (NYSE:HPQ) has opened bearishly below the pivot of $18.97 today and has reached the first level of support at $18.81. Analysts will be watching for a cross of the next downside pivot targets of $18.56 and $18.15.

In the past 52 weeks, shares of Hp Inc have traded between a low of $17.10 and a high of $27.08 and are now at $18.83, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.5%.

Hp Inc has overhead space with shares priced $18.83, or 25.8% below the average consensus analyst price target of $25.38. Hp Inc shares should first meet resistance at the 50-day moving average (MA) of $19.98 and find additional resistance at the 200-day MA of $20.57.

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: pivot alerts hp inc

Ticker(s): HPQ