Hewlett Packard's most recent trend suggests a bullish bias. One trading opportunity on Hewlett Packard is a Bull Put Spread using a strike $40.00 short put and a strike $35.00 long put offers a potential 9.17% 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 $40.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $35.00 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 57.16 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Hewlett Packard
HEWLETT PACKARD CO Financials
Wed, 24 Dec 2014 18:04:09 GMT
Uber CEO indicted in South Korea
Wed, 24 Dec 2014 11:53:00 GMT
Oil Shakeout, Corporate Breakups Could Drive Merger And Acquisition Activity In 2015
Tue, 23 Dec 2014 16:47:00 GMT
Why Symantec split up into two companies
Tue, 23 Dec 2014 15:38:54 GMT
HP quietly adds a touchscreen model to its Chromebook 14 line
Mon, 22 Dec 2014 23:43:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook