Hewlett-Packard Company (HPQ) Stock Analysis 8/21/11

By Tim - http://stockstobuy.org

The following is Hewlett-Packard Company (HPQ) stock technical analysis for August 21, 2011

Hewlett-Packard Company (HPQ) Support & Resistance Levels - 8/21/11

Resistance Levels: $25

Support Levels: $22.75

Chart - http://www.stockcharts.com/

Hewlett-Packard Company (HPQ) stock was a train wreck on Friday after reporting a horrible earnings report. 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 nest earnings report though.

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