Hewlett Packard (Enterprise) Shares Uncertain Ahead Of Q2 Report

On Tuesday (24/5), Hewlett Packard Enterprise Company is scheduled to report its Q2 earnings report. This is the 2nd quarter of operations for the company after its creation further to a split in Hewlett Packard in Nov.2015. The company is estimated to realize revenue of $12.34 billion, down 3.08% from a reading of $12.72 billion in the previous quarter. Analysts expect that Hewlett Packard’s split will allow a more specialized approach to each business over the long term, which will benefit the organization as a whole. Before the release, the stock has been moving in a narrow range on the hourly chart. RSI has inched down but still hovers above 50, indicating a weakened bull. The price is anticipated to move sideways for a while and then fall back.

Trade suggestion

Sell at 16.08, Take profit at 15.90, Stop Loss at 16.02.

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