Hewlett Packard's most recent trend suggests a bullish bias. One trading opportunity on Hewlett Packard is a Bull Put Spread using a strike $28.00 short put and a strike $23.00 long put offers a potential 12.11% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $28.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $23.00 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 71.04 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Hewlett Packard
Intel to Trim Global Workforce in 2014
Wed, 22 Jan 2014 19:30:04 GMT
Zacks – Intel Corp. intends to reduce its global workforce of 107,000 by 5%.
Hewlett-Packard to repay $459K in state incentives
Wed, 22 Jan 2014 17:22:26 GMT
AP – Hewlett-Packard Co. has negotiated to repay $459,000 of the state incentives it received to build a customer-service center in Conway after falling short on hiring goals, according to the Arkansas Economic …
Hewlett-Packard to repay $459K in state incentives
Wed, 22 Jan 2014 17:22:26 GMT
AP – Hewlett-Packard Co. has negotiated to repay $459,000 of the state incentives it received to build a customer-service center in Conway after falling short on hiring goals, according to the Arkansas Economic …
The Real Individual Investor Advantage: Not What You've Been Told
Wed, 22 Jan 2014 16:32:59 GMT
Seeking Alpha – Too much good advice can sometimes be a bad thing. Carrots are good for you, and your grandma was right when she told you to eat them. Eat too many, though, and your skin will literally turn orange. I …
Three Shrinking Giants: IBM, HP And Yahoo
Wed, 22 Jan 2014 15:53:00 GMT
Forbes – What were the boards of IBM, Hewlett Packard, and Yahoo thinking when they appointed their latest crop of CEOs? Each of them have presided over lumbering giants that have shrunk in the last year. But the stock market has rewarded these blond-haired, blue-eyed CEOs very differently — Yahoo (up 98%) and HP (up 73%) […]
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