HPE closes higher for the 3rd day in a row


Hewlett Packard Enterprise Company (HPE) Technical Analysis Report for Apr 16, 2019 | by Techniquant Editorial Team

Highlights

HPE rises to highest close since February 27th
HPE closes higher for the 3rd day in a row

Overview

Moving higher for the 3rd day in a row, HPE ended Tuesday at 16.60 gaining $0.11 (0.67%) on high volume, outperforming the S&P 500 (0.05%). Today's close at 16.60 marks the highest recorded closing price since February 27th.

Daily Candlestick Chart (HPE as at Apr 16, 2019):

Daily technical analysis candlestick chart for Hewlett Packard Enterprise Company (HPE) as at Apr 16, 2019

Tuesday's trading range has been $0.22 (1.33%), that's slightly below the last trading month's daily average range of $0.27. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for HPE.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

With prices trading close to this year's high at 16.97, upside momentum might speed up should the share be able to break out to new highs for the year.


Market Conditions for HPE as at Apr 16, 2019

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