Hewlett Packard (HPQ) Continues To Rise To New Highs
Posted: Tuesday, November 17, 2009 12:30 PM EDT
By: Market Intelligence Center Staff
Hewlett Packard (NYSE: HPQ) hit a new 52-Week high of $50.99 so far today. Currently the stock is up $0.11 (0.22%) to $50.92 on 5,517,272 shares traded. Today's high is up $25.53 from a 52-Week Low of $25.39. Hewlett Packard stock has been showing support around $49.50 and resistance in the $51.54 range. Technical indicators for the stock are bullish and S&P gives HPQ a positive 5 STARS (out of 5) strong buy ranking. HPQ has been in a steady upward climb over the past three months and rose to a new 52 week high earlier in the session. If you are looking for a hedged play on HPQ the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 44 range. [ABR-Seven Summits Strategic Investments NewsBite]
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