May 24, 2013

Hewlett Packard Chart analysis

  • HP Daily chart shows price closing above the recent high's with good volume spike.
  • Weekly chart also shows a likely bullish close above 100 Week SMA. If the weekly close is above the recent high's shown in the first chart then bulls will be able to extend this up move into the coming weeks.
  • Possible resistance at 25.91 Weekly close above this level may extend the up move towards 30.39 levels. Weakness Closing back below 24.05.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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