HEWLETT PACKARD : Cuts 30 000 jobs
By Lara Villeneuve
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$22.06 | $0 | $20.4 | +100% |
The American leader in computer equipment is crossing difficulties since the decline of its personal-computer branch and the fail of many recent technologies that they missed or in which one they didn’t met the expected success. Turnover is declining and expected at 122 billion dollars representing a 4% falling back.
Technically the stock followed a strong downward movement since February and is on a strategic level at USD 22.03, crossing point of the short-term support. Moving averages are bearish and the USD 22 support crossing will be a strong selling signal. the share is testing important technical support in both daily and weekly data. We suggest to toke a long position and bet on technical rebound aiming as first target USD 25.25. A stop-loss is necessary below the technical support at 20.4