HPQ --- Resistance seen at 24.44 But 11% room to grow for now
Updated
HPQ --- Resistance seen at 24.44 a few times now already ---- But 11% room to grow I would think still --- to reach there once more. When something is "knocking on the door" a few times... eventually I think they let 'em in. (or in this case "up"). lol. If sales can be strong and beat estimates on the street. Feb 20 is next earnings report. Only issue seen is that it is at the medium target already ---and the NEWS seen below. (article)
The average price target was sitting at $20.50 with a high forecast of $24.00 from New York analysts. It is on the right path since it did a small pullback down from its high of $25.00 + on Aug 2018, regarding the charts --- it now broke north of the down channel it was on, to the current price point of 21.98.
Reading the artcle: ....."For more than two months now, Xerox Holdings has been pushing HP Inc. to accept its $32 billion, $22-a-share takeover bid. HP keeps giving variations of the same answer: Not interested. No, thanks. Xerox (ticker: XRX) is done asking. Last week, the printer and copier giant launched a proxy fight for control of HP (HPQ), nominating 11 directors to replace HP’s entire board. Shareholders will vote at HP’s annual meeting, which usually takes place in April. Over the past couple months, HP shares have gradually moved toward Xerox’s $22 offer price. They closed the week at $21.98, suggesting increased confidence that either a deal will get done or HP will find another way to boost the value of its stock.
HP Says Big Buyback Could Be Alternative to Xerox Takeover Bid -----HP Inc. has come out swinging in response to the move by Xerox Holdings Thursday morning to take control of the HP board of directors—and outlined several ways the company could drive increased shareholder value without any involvement from Xerox.
The average price target was sitting at $20.50 with a high forecast of $24.00 from New York analysts. It is on the right path since it did a small pullback down from its high of $25.00 + on Aug 2018, regarding the charts --- it now broke north of the down channel it was on, to the current price point of 21.98.
Reading the artcle: ....."For more than two months now, Xerox Holdings has been pushing HP Inc. to accept its $32 billion, $22-a-share takeover bid. HP keeps giving variations of the same answer: Not interested. No, thanks. Xerox (ticker: XRX) is done asking. Last week, the printer and copier giant launched a proxy fight for control of HP (HPQ), nominating 11 directors to replace HP’s entire board. Shareholders will vote at HP’s annual meeting, which usually takes place in April. Over the past couple months, HP shares have gradually moved toward Xerox’s $22 offer price. They closed the week at $21.98, suggesting increased confidence that either a deal will get done or HP will find another way to boost the value of its stock.
HP Says Big Buyback Could Be Alternative to Xerox Takeover Bid -----HP Inc. has come out swinging in response to the move by Xerox Holdings Thursday morning to take control of the HP board of directors—and outlined several ways the company could drive increased shareholder value without any involvement from Xerox.
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