Hewlett-Packard Company(HPQ) has rising momentum with an uptrend

(29-Feb-2008) (29-Feb-2008) Hewlett-Packard Company(HPQ) closed at 48.55, down -0.39 or -0.8 % today. Based on our analysis, Hewlett-Packard Company(HPQ) has rising momentum with an uptrend.

The closing price of Hewlett-Packard Company(HPQ) is above its 50 day moving average of 46.17 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Hewlett-Packard Company(HPQ) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 11-Feb-2008, about 14 trading days ago.