Dizkover#HPQ is on the verge of a new 52 week high breakout, get ready to go long!
Updated December 9, 2013 ● 1,287 views
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Hewlett Packard (HPQ) currently broke the 52 week high of $27.78 at after market hour trading. It's currently priced at $27.95.
I would go long right away tomorrow morning if it opens at a new high.
Now, $32 is sitting just right below the 161.8% Fiboniacci level. Opening to new high tomorrow could target that price in few weeks.
For options players, I would grab some JAN 32 calls if indeed HPQ breakout tomorrow to a new 52-week high. Or get the high delta strike if that's how you play.
UPDATE 12/4: Breakout! New 52-week high closed at $28.13 !
UPDATE 12/5: After breakout, it filled down the gap and my call value is dropping fast. I got stopped out for a loss of 35%.
Already at new 52 week high at AH!!
David · 10 years agopermalink · reply (1)
@David: Great tip! I'll be watching this tomorrow!
JoeBiggs · 10 years agopermalink · reply
I bought some JAN calls. Let's see where this goes.
money101 · 10 years agopermalink · reply (0)
This is a good looking chart. I like this one. And thanks for the tip on AAPL last week! I made some money on calls. Thanks to you! :)
stocksguru · 10 years agopermalink · reply (0)