HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 19.11

-3.6%

2:26 PM EST

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To: Kirk © who wrote (2783)	12/3/1998 12:02:00 AM
From: mp	Read Replies (5) of 4722

The following chart from Yahoo quotes shows quite well where HP's moving averages are now and the stock prices relative to these MA's: quote.yahoo.com See how the 50 day moving average (orange line is slowly rising) and is likely to cross the 200-day MA (green line) to the up side, which is a very bullish pattern. I of course subscribe to the hard copy Daily Graphs (there are two books every week, one one NYSE and the other on NASDAQ/AMEX). I get them once a month (at the cost of $500/year). The books give charts on 100's of stocks, and I find it the best source for evaluating the turnaround and breakout stocks. Now look at a similar graph for 3COM and see how the stock performed and where the crossover point was. quote.yahoo.com The stock starts doing well before the crossover actually takes place and the upward moves are usually quite dramatic. I hope I have made myself clear. But if you need anything, I am willing to try to get the information for you. Enjoy and good luck!

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