Hewlett-Packard stock breakout
Hewlett-Packard shares were up nearly 3% today hit a new 52 week high at , after the company raised its second-quarter outlook citing strong results in its personal computer and server business. Looking at the chart stock breakout an important resistance at 43.63$, and it show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up, however it's trading in High overbought conditions, so I think the selling pressure will now increase, but stock still in a Bull Market.
Keep an eye on HIMX this week for a possible breakout over 6.15$.
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 nice evening !!!
AC
That's All. Have a nice evening !!!
AC
