HPQ Drop !!
Wednesday, February 21, 2007
Chart courtesy of stockcharts
Shares of Hewlett-Packard dropped 2.03$ or 4.7% after reported a higher quarterly profit late yesterday on strong computer and printer sales during the holidays, but a decline in the company's gross margins prompted worry on Wall Street. The technical chart above shows a breakdown of the trend with a huge volume. Stock has now a support at 40.97$.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.