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Wednesday, February 21, 2007 

GTW Blow up , HPQ Big drop


Chart courtesy of stockcharts

Shares of Hewlett-Packard dropped 2.03$ or 4.7% after reported a higher quarterly profit late yesterday on strong computer and printer sales during the holidays, but a decline in the company's gross margins prompted worry on Wall Street. The technical chart above shows a breakdown of the trend with a huge volume. Stock has now a support at 40.97$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a good evening !!!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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