Hewlett Packard Enterprise (HPE) Stock Rallies After Q3 Results

Hewlett Packard Enterprise (HPE) Stock Rallies After Q3 Results

1
Hewlett Packard stock price closed at $17.98 with a gain of 5.83% during the last intraday session.
2
HPE stock price has surged above 20,50,100 and 200-day exponential moving averages.
3
The year-to-date return of Hewlett Packard is 11.75%.
Hewlett Packard (HPE) stock price has in a bullish momentum since the start of May, rising from the low of $13.70. The stock price witnessed a rise of approximately 31% from the low. However, the bullish rally was halted as soon as the price rejected the $18.10 level. 
The stock price then retraced and formed a support at $16.30. On 29 August, 2023, the company released its third-quarter report which induced positive sentiment in the market and the stock price surged to retest the $18.10 level. 

Source: HPE Stock Price By TradingView.
If the next candle can break the high of the last candle and potentially the $18.10 resistance level, it might head toward the next resistance level of $19.50. On t

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We współpracy z: https://www.thecoinrepublic.com/2023/09/04/hewlett-packard-enterprise-hpe-stock-rallies-after-q3-results/

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