HPQ is on my watch list with a buy price of $25.15. I would place a stop at the 50 day MA, or about $24.50. My first target is the 200 day MA, around $26.50.
The stock has been on a multi-year down trend, but the near term is showing signs of a bounce. There is a gap that could be filled at $28.50. It will be a while before we see that fill, but with patience it could happen. My plan is outlined above. Lets see what happens.
Current Holdings...
DNKN - Looking alright. I'd like to see it hold/consolidate and $32 and move up from there as the moving averages advance.
NEM - held the $47.50 area on the daily close. I'm keeping an eye on the intraday price, but I'm more concerned with how the stock looks on a daily basis, since my plan is a longer term hold.
SGMNF - Long term hold here...but, I'm keeping my eye on the 13 ema and 20 ma for trend.
Feel free to leave a comment.
~JP
No comments:
Post a Comment