Hewlett Packard (NYSE: HPQ) NewsBite - HPQ Hits 52-Week High On News Company Is Leading Global Seller Of PCs

Hewlett Packard (NYSE: HPQ) hit a new 52-Week high of $48.14 so far today. Currently the stock is up $0.02 (0.04%) to $48.02 on 9,462,476 shares traded. Today's high is up $22.63 from a 52-Week Low of $25.39. Hewlett Packard stock has been showing support around $47.51 and resistance in the $48.25 range. Technical indicators for the stock are bullish and S&P gives HPQ a positive 5 STARS (out of 5) strong buy ranking. Hewlett-Packard hit a new 52 week high on sales data that shows the computer manufacturer is still the top seller of computers globally, however it is in second place in U.S. sales, behind competitor Dell Computer (DELL). If you are looking for a hedged play on HPQ the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 40 range.

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