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

(23-May-2008) (23-May-2008) Hewlett-Packard Co.(HPQ) closed at 47.06, up 0.15 or 0.32 % for the day. Based on our analysis, Hewlett-Packard Co.(HPQ) has rising momentum with an uptrend.

The closing price of Hewlett-Packard Co.(HPQ) is above its 50 day moving average of 46.96 (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 Co.(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 today, let us see if it sustains.