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 closed flat after hitting an intraday high at 21.46, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements.
Therefore we expect the stock to lose ground, especially if it settled back below 20.73, targeting the support of 19.31.
Expected trend for today: Bearish