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HP Inc $HPQ Slammed: Here Is The Quick Swing Trade

NYSE:HPQ   HP INCORPORATION
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.


NYSE:HPQ

Gareth Soloway
InTheMoneyStocks
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