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Shares of Hp Inc Fall to a New 52-Week Low

By Amy Schwartz

Shares of Hp Inc (NYSE:HPQ) traded at a new 52-week low today of $15.93. So far today approximately 1.7 million shares have been exchanged, as compared to an average 30-day volume of 13.2 million shares.

HP Inc. provides imaging and printing systems, computing systems, mobile devices, solutions, and services for business and home. The Company offers products which includes laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. HP sells its products worldwide.

In the past 52 weeks, Hp Inc share prices have been bracketed by a current low of $15.93 and a high of $25.72 and are now at $16.04. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 0.3%.

There is potential upside of 58.2% for shares of Hp Inc based on a current price of $16.04 and an average consensus analyst price target of $25.38. The stock should run into initial resistance at its 50-day moving average (MA) of $18.66 and subsequent resistance at its 200-day MA of $20.09.

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: 52 week high/lows hp inc

Ticker(s): HPQ