Hewlett Packard's most recent trend suggests a bullish bias. One trading opportunity on Hewlett Packard is a Bull Put Spread using a strike $37.50 short put and a strike $32.50 long put offers a potential 8.93% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $32.50 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 76.02 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Hewlett Packard
HP Widens Server Lead Over IBM
Tue, 02 Sep 2014 13:25:00 GMT
Hewlett-Packard (HPQ) Introduces ProLiant Generation 9
Fri, 29 Aug 2014 21:20:02 GMT
Oracle loses bid to restore $1.3 bln SAP verdict, could get new trial
Fri, 29 Aug 2014 17:54:53 GMT
Reuters – Circuit Court of Appeals in San Francisco said jurors used “an undue amount of speculation” in awarding $1.3 billion in damages in 2010. District Judge Phyllis Hamilton in Oakland, California, had erred in concluding that Oracle deserved only $272 million of damages, a sum Oracle rejected. Writing for a three-judge 9th Circuit panel, Judge William Fletcher directed Hamilton to offer Oracle a choice of $356.7 million of damages or a second trial.
Oracle to face new SAP trial if it rejects new damages award
Fri, 29 Aug 2014 15:02:31 GMT
Reuters – A federal appeals court on Friday said Oracle Corp must face a second trial with SAP in a case where the European software company admitted massive copyright infringement, unless Oracle is willing to accept $356.7 million of damages. A federal jury had in 2010 awarded Oracle $1.3 billion of damages, but the trial judge said Oracle had proven actual damages of only $272 million.
Aiming For New Markets, ARM Reaches Out
Fri, 29 Aug 2014 13:58:00 GMT
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