{"id":40762,"date":"2013-08-07T15:09:45","date_gmt":"2013-08-07T19:09:45","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=40762"},"modified":"2013-08-07T15:09:45","modified_gmt":"2013-08-07T19:09:45","slug":"is-hewlett-packard-on-the-edge-of-a-20-fall","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/07\/is-hewlett-packard-on-the-edge-of-a-20-fall\/","title":{"rendered":"Is Hewlett Packard on the Edge of a 20% Fall?"},"content":{"rendered":"

Article by Investazor.com<\/u><\/a><\/p>\n

\"hpq-on-the-edge-of-a-fall-07.08.2013\"<\/a><\/p>\n

Chart: HPQ, Daily<\/p>\n

The answer for this question is in my opinion, yes!<\/p>\n

Hewlett Packard (HPQ) has reported earnings above expectations of 0.87$ per share but the price continued to rise at a moderate pace. Starting with the April low the shares gained over 45%, rising almost 9 bucks.<\/p>\n

The power of the bulls dropped with each higher high. And this can be seen in the chart, because it has drawn a Rising Wedge. The pattern was accompanied by a fall in the trading volume which also shows that investors are less interested in this stock. \u00a0With some effort the price managed to retreat 38.2(26.50$), Fibonacci retrace, from the main down trend started at 51$ per share in April 2010.<\/p>\n

Adding the fact that on the 14 days RSI we can see not only a negative divergence created, but also a symmetrical triangle I would say that we just need a price action confirmation before a 20% drop back to 21$ per share. If on a daily time frame there will be a close under the lower line of the pattern the fall could be imminent.<\/p>\n

All the facts are indicating a drop, but do not rush in taking a decision right now. Wait for a breakout and a close under the lower line and you can act. Short selling the stock could be a choice, but if you prefer you could use options to limit your risk in case of a false breakout.<\/p>\n

The post Is Hewlett Packard on the Edge of a 20% Fall?<\/a> appeared first on investazor.com<\/a>.<\/p>\n

\n<\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Article by Investazor.com Chart: HPQ, Daily The answer for this question is in my opinion, yes! Hewlett Packard (HPQ) has reported earnings above expectations of 0.87$ per share but the price continued to rise at a moderate pace. Starting with the April low the shares gained over 45%, rising almost 9 bucks. The power of … <\/p>\n

Continue reading “Is Hewlett Packard on the Edge of a 20% Fall?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40762","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=40762"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40762\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=40762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=40762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=40762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}