(Finance) – It moves at a loss Hp Inc showing a decrease of 7.23% on the previous values.
To weigh on the shares are the data on the sales of the third quarter, which turned out to be disappointing, hit by the 32% drop in the number of notebooks sold. The pc and printer manufacturer ended the period with a 4.1% drop in turnover to $ 14.66 billion and below analysts’ expectations of $ 15.74 billion.
The trend of Hp Inc in the week, compared toS & P-500notes a lower relative strength of the stock, which could fall prey to sellers ready to take advantage of potential weaknesses.
Technical picture in evident deterioration with controlled supports estimated in the area of 28.35 USD. On the upside, however, a polarizing level of higher outflows is seen at 29.79. The worsening of Hp Inc is evidenced by the downward crossing of the 5-day moving average with the 34-day moving average. Very soon the possibilities of new descents for target at 27.84 are concrete.