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
Labels: HPQ