ITMS
6 years ago
Major Swing Trade Buy Target On Hewlett Packard Enterprise Co $HPE
Shares of Hewlett Packard Enterprise Co (HPE) are falling sharply after reporting earnings. The stock is down over 10%, trading near $15.50. As it declines, some investors who were long are selling with panic, other investors are buying thinking it's a great discount. However, the smart big boys and girls are waiting patiently for Hewlett Packard Enterprise to tag the $15.00 level, a key pivot on the stock chart and a major buy level. Once hit, Hewlett Packard Enterprise will see a solid bounce for a swing trade long.
Gareth Soloway
InTheMoneyStocks
north40000
8 years ago
From Bloomberg:
"KKR & Co., Apollo Global Management LLC and Carlyle Group LP are โsniffing aroundโ the company, The Information reported, citing an unnamed person who has had talks with representatives of the private equity firms. A Hewlett Packard Enterprise spokeswoman declined to comment.
Hewlett Packard Enterprise gained 7.7 percent to $21.88 at 1:37 p.m. in New York, the biggest intraday jump since May 25. The company gained 34 percent this year through Thursdayโs close.
Chief Executive Officer Meg Whitman has been pushing the company to reduce its size and become more flexible as it navigates the changing demands of corporate customers for its computer storage and networking business since November when it split from sister company HP Inc. In May, the company said it would spin off and merge its business-services division with Computer Sciences Corp. in a deal valued at $8.5 billion for its shareholders."