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  1. #1
    Specialist Member RCox's Avatar

    Earning Surprise in HPQ Leads to Resistance Break !!!

    Earning Surprise in HPQ Leads to Resistance Break

    HP released positive fiscal second quarter profits, at 87 cents per share, which was better than the analyst estimates of 81 cents per share. Revenues were weaker than the consensus forecasts, but HP increased its full-year guidance in an amount that was not previously anticipated. These numbers have led to surging stock prices, and now that we have broken at $24, the stock is suitable for hourly CALL options in HPQ. Bias remains positive as long as support in the $23.90 region contains prices.

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  2. #2
    Active Member rockettrader's Avatar
    Quote Originally Posted by RCox View Post
    Earning Surprise in HPQ Leads to Resistance Break

    HP released positive fiscal second quarter profits, at 87 cents per share, which was better than the analyst estimates of 81 cents per share. Revenues were weaker than the consensus forecasts, but HP increased its full-year guidance in an amount that was not previously anticipated. These numbers have led to surging stock prices, and now that we have broken at $24, the stock is suitable for hourly CALL options in HPQ. Bias remains positive as long as support in the $23.90 region contains prices.
    Yes, HP remains positive during the whole session and the perspective is for additional gains in tomorrow session. It is too late now to enter, but tomorrow I will try to place one hour call here after the session beginning, if the overall marker sentiment is positive.

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