Hewlett Packard's most recent trend suggests a bullish bias. One trading opportunity on Hewlett Packard is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 5.93% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $32.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Hewlett Packard is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Hewlett Packard is bullish.
The RSI indicator is at 76.11 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Hewlett Packard
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Thu, 28 Aug 2014 19:01:10 GMT
Hewlett-Packard Keeps Top Server Vendor Position in Q2
Thu, 28 Aug 2014 17:10:02 GMT
HP Unveils New ProLiant Gen9 Servers to Help Customers Address Evolving Data Center Demands
Thu, 28 Aug 2014 16:30:00 GMT
Marketwired – HP today announced a new portfolio of HP ProLiant Generation 9 Servers that will help customers reduce cost and complexity, accelerate IT service delivery and enable business growth. With new technology …
Workday's Losses Weigh Despite Price Target Hikes
Thu, 28 Aug 2014 14:51:00 GMT
Investor's Business Daily – Workday (WDAY) got price target hikes from at least three investment banks after its Q2 earnings late Wednesday beat expectations, but the company remains firmly in the red as its rising costs outpace …
Apple tablets losing ground in education; Jumbo iPad planned
Thu, 28 Aug 2014 03:00:00 GMT
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