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
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):
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.