Trader Alert: H-P (HPQ)… Watch Key Moving Averages

Posted in General, pre-market 
November 18th, 2008

Hewlett-Packard (NYSE: HPQ) is trading up 13% on its strong guidance.  Shares are up at $33.30 in pre-market trading as of 9:08 AM EST.  We have already seen over 3 million shares trade hands.   You can read the full details at the link above, but this has put in a bid elsewhere at rivals and peers in technology stocks.

The 52-week trading range is $28.23 to $52.90.  What we want to focus on are the near-term moving averages since the 50-day and 200-day moving averages are so far north of even the gap-up price that it shouldn’t matter.

  • 5-DAY MVG AVG   $31.18
  • 10-DAY MVG AVG  $33.28
  • 20-DAY MVG AVG  $34.40

JON OGG

NOV. 18, 2008

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