| 2016-11-22 13:57:04|
HPQ 13:57 11/22 11/22/16
HP Inc. technical notes ahead of results
The shares have been in a volatile recovery uptrend off the lows of February of this year. At the current price of $15.97, shares are near the new 52-week high set today at $16.19. If the news is strongly positive, the recovery uptrend could continue. Next resistance levels to watch above $16.19 as potential upside objectives would be at $17.14, $17.73, and $18.66. A breakout above $19 would likely see a probe to the $20 area. If the news is a negative surprise the current uptrend would be broken on a move to the $14 area or lower. Next supports in that event would be at $13.47 and $12.82.