Hewlett-Packard Company(HPQ) is in an uptrend but could lose its momentum

(28-Mar-2008) (28-Mar-2008) Hewlett-Packard Company(HPQ) closed at 46.64, down -0.7 or -1.48 % today. Based on our analysis, Hewlett-Packard Company(HPQ) is in an uptrend but could lose its momentum.

The closing price of Hewlett-Packard Company(HPQ) is above its 50 day moving average of 45.56 (Designated by blue line). This indicates that the trend is up. 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. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 10-Mar-2008, about 14 trading days ago.