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Hewlett-Packard Company Bearish Pattern Before Earnings
Submitted by inthemoneystocks on 08/19/2014 13:46 -0400
Hewlett-Packard Company (NYSE:HPQ) has a bearish pattern on the daily chart prior to announcing earnings tomorrow after the market closes. While it is not wise to buy/short a stock into earnings, this pattern has to be noted and does give us a general bias (60/40). Let's use this as a case study and watch to see the direction following the earnings report. Earnings will be reported Wednesday, August 19th, 2014, after the market closes. Estimates are for the company to earn $0.89. The whisper number is for a profit of $0.92 per share. ...Continue reading here: http://bit.ly/HPBeforeEarnings
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