Wednesday, August 08, 2007
Ever Hear of HP?
Hewlett Packard (HPQ), remember them? I feel as though there hasn't been a peep of news from them ever since that spying scandal has been out of the headlines. The company has been trending up since early '05 and is currently pushing the upper boundaries of it's channel. Our last correction brought the stock right into its 50EMA and turned into a great buying opportunity. I'll have to remember HPQ when it comes back into the lower end of it's channel. Unless of course it blows out of the upper range on high volume.