Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Hewlett-Packard's stock (HPQ) fell in the intraday levels, as the stock gathers momentum to help it rise anew, marking a 0.59% loss compared to the last close, or 0.14 points, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals from the Relative Strength Index.
Therefore we expect the stock to return higher, provided the support of 22.45 holds on, targeting the resistance of 24.69.