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 rose 1.77% in the last session, readying to tackle the pivotal resistance of 18.32, while trading alongside the upward short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 20.20, provided the resistance of 18.32 was breached.
Expected trend for today: Bullish