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HP INCHP INCHP INC

HP INC

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HPQ trade ideas

HPQ --- Resistance seen at 24.44 But 11% room to grow for nowHPQ --- Resistance seen at 24.44 a few times now already ---- But 11% room to grow I would think still --- to reach there once more. When something is "knocking on the door" a few times... eventually I think they let 'em in. (or in this case "up"). lol. If sales can be strong and beat estimates on the street. Feb 20 is next earnings report. Only issue seen is that it is at the medium target already ---and the NEWS seen below. (article) The average price target was sitting at $20.50 with a high forecast of $24.00 from New York analysts. It is on the right path since it did a small pullback down from its high of $25.00 + on Aug 2018, regarding the charts --- it now broke north of the down channel it was on, to the current price point of 21.98. Reading the artcle: .... ."For more than two months now, Xerox Holdings has been pushing HP Inc. to accept its $32 billion, $22-a-share takeover bid. HP keeps giving variations of the same answer: Not interested. No, thanks. Xerox (ticker: XRX) is done asking. Last week, the printer and copier giant launched a proxy fight for control of HP (HPQ), nominating 11 directors to replace HP’s entire board. Shareholders will vote at HP’s annual meeting, which usually takes place in April. Over the past couple months, HP shares have gradually moved toward Xerox’s $22 offer price. They closed the week at $21.98, suggesting increased confidence that either a deal will get done or HP will find another way to boost the value of its stock. HP Says Big Buyback Could Be Alternative to Xerox Takeover Bid -----HP Inc. has come out swinging in response to the move by Xerox Holdings Thursday morning to take control of the HP board of directors—and outlined several ways the company could drive increased shareholder value without any involvement from Xerox.
NYSE:HPQ
by eziolisi_Investments
HP - Look for signs of strenght. Good day everyone, HPQ just lost about 18% of this value on a single week, 8 weeks of bullish progress ERASED! PANIC AND BLOOD ON THE STREETS! Ok, no. Check daily chart, see how to volume on the selling bars is decreasing? This means the panic is slowly getting absorbed. "Hey, this mean its time to BUY BUY BUY RIGHT?" Answer: No, at least, not YET. Panic absorbed is a good sign yes but this just mean the market will stop panic selling ... For buying we need panic absorbption + bullish/demand signs As we can see the 19 usd level was a previous resistance and recently a good support level , and now the recent daily bars looks like some demand has arrived. I'll keep an eye of the price action behaviour on this stock and IF it show demand signs i'll update it. Enjoyed? leave a like, thanks. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
NYSE:HPQ
by MarcelMartins
HP Inc $HPQ Slammed: Here Is The Quick Swing TradeShares of HP Inc (HPQ) tumbled almost 20% on the back of weak sales numbers. The stock is trading at $19.40 on its way to a double bottom on the daily chart. Based on technical analysis, HP Inc will likely cross briefly below $19.00 before staging a technical bounce. This is a quick swing trade, likely playing out in a day or two once the target buy level is achieved. Upside could be as high as $20 but once in-the-money by $0.40, use a trailing stop until $20.00 is hit. NYSE:HPQ Gareth Soloway InTheMoneyStocks
NYSE:HPQ
by inthemoney