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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?


To: michael c. peterson who wrote (2275)5/18/1998 6:06:00 PM
From: Xpiderman  Respond to of 4722
 
The HWP's 200-Day Moving Average (200-DMA) is around $64. I think HWP is going to test this level soon. Then we should see at least a bounced back from this $64 level.

In last 8 months, there were at least 7 different occasions that HWP dropped below its 200-DMA. Among these 7 occasions: 4 different occasions HWP dropped bellow $60 (as low as $58), and the other three occasions HWP bounced back from $60.

So we have good chance to see HWP to retest $60.

Any comments are welcoms,

XyZ