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Watch for Hp Inc to Potentially Pullback After Gaining 3.48% Yesterday

By Nick Russo

Hp Inc (NYSE:HPQ) traded in a range yesterday that spanned from a low of $15.22 to a high of $15.46. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $15.26 on volume of 3.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Hp Inc share prices have been bracketed by a low of $12.54 and a high of $23.93 and are now at $15.44, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.7% while the 200-day MA has slid 0.7%.

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: rebounders hp inc

Ticker(s): HPQ