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HP Inc $HPQ Slammed: Here Is The Quick

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ITMS Member Level  Thursday, 02/28/19 02:40:31 PM
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HP Inc $HPQ Slammed: Here Is The Quick Swing Trade

Shares of HP Inc (HPQ) tumbled almost 20% on the back of weak sales numbers. The stock is trading at $19.40 on its way to a double bottom on the daily chart. Based on technical analysis, HP Inc will likely cross briefly below $19.00 before staging a technical bounce. This is a quick swing trade, likely playing out in a day or two once the target buy level is achieved. Upside could be as high as $20 but once in-the-money by $0.40, use a trailing stop until $20.00 is hit.





Gareth Soloway
InTheMoneyStocks

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