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Actionable news in HPQ: HEWLETT-PACKARD COMPANY,

Hewlett-Packard Is Rallying Toward a Pullback

NEW YORK (TheStreet) -- Hewlett-Packard (HPQ - Get Report) is stretching its eight-day rebound another 2.4% today. Since bottoming on Sept. 28, the stock is now up over 17% and has regained its 40-week moving average -- an impressive move, to say the least, but trouble may be just ahead as shares approach heavy resistance.

Investors should expect a pullback and consolidation soon before a rally past the $29.50 area. With a very solid bottom in place, a bit of...


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