By Tim - http://stockstobuy.orgThe following is Hewlett-Packard Company (HPQ) stock technical analysis for August 22, 2011
Hewlett-Packard Company (HPQ) Support & Resistance Levels - 8/22/11
Hewlett-Packard Company (HPQ) is in rally mode today after Jim Cramer told viewers that Oracle (ORCL) could ultimately buy HPQ out at some point. Hewlett-Packard Company (HPQ) will have resistance located at $25 and support at $22.75. If HPQ breaks below $22.75, we could see another 10% plunge. This could be the capitulation bottom we have been waiting for on HPQ. I wouldn't buy the stock until next earnings report though.
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