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 returned lower with a 4.54% loss in the last session, or 1.09 points, amid the dominance of the downward wave in the short term, after touching the resistance of the 50-day SMA, and amid a surge in trading volumes.
Therefore we expect more losses for the stock, especially if it settled back below 22.84, targeting the next one at 21.04.
Expected trend for today: Bearish