Hewlett-Packard Company(HPQ) is in an downtrend

(25-Jan-2008) (25-Jan-2008) Hewlett-Packard Company(HPQ) closed at 43.74, down -1.15 or -2.56 % today. Based on our analysis, Hewlett-Packard Company(HPQ) is in an downtrend.

The closing price of Hewlett-Packard Company(HPQ) is below its 50 day moving average of 48.81 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Hewlett-Packard Company(HPQ) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 28-Dec-2007, about 20 trading days ago.