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 1.80% in the last session amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, settling at 34.98, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more losses for the stock, targeting the first support at 32.55, provided the resistance of 36.00 holds on.
Expected trend for today: Bearish