Hewlett Packard's most recent trend suggests a bullish bias. One trading opportunity on Hewlett Packard is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 7.07% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $33.00 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 70.54 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Hewlett Packard
Engadget Daily: HP's super-slim laptop, the fight over online sales tax, and more!
Wed, 03 Dec 2014 00:54:00 GMT
Hewlett-Packard Adds Slimmest Notebooks to Elite Portfolio
Tue, 02 Dec 2014 23:05:02 GMT
These 2 Dodge & Cox Funds Are Big Hewlett-Packard Owners
Tue, 02 Dec 2014 19:44:09 GMT
Benzinga – When companies report earnings, big institutional owners such as mutual funds look for an opportunity to either add to or pare positions. Post-earnings price movements driven by funds are most evident …
Mike Lynch claims ‘conclusive proof' HP fraud allegations are false
Tue, 02 Dec 2014 18:13:41 GMT
HP made false representations: Autonomy founder
Tue, 02 Dec 2014 17:46:00 GMT
CNBC – Autonomy founder Mike Lynch said he has a document that shows HP made false representations about its massive write-down.
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