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SmarTrend Watching for Potential Rebound in Shares of Hp Inc After 1.02% Loss

By Nick Russo

Hp Inc (NYSE:HPQ) traded in a range yesterday that spanned from a low of $23.28 to a high of $23.81. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $23.55 on volume of 3.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Hp Inc on February 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.61. Since that recommendation, shares of Hp Inc have risen 4.5%. We continue to monitor HPQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Hp Inc has traded in a range of $11.48 to $24.75 and is now at $23.36, 103% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

Keywords: rebounders hp inc

Ticker(s): HPQ