HPE's Post-Earnings Rise Could Be Short-Lived
HPEHPE(HPE) Schaeffers Research·2024-03-05 04:24

Hewlett-Packard Enterprise Inc (NYSE:HPE) is soaring today, up 9.5% at $17.04 at last look, and extending Friday's post-earnings rise. The stock slipped immediately following the company's mixed fiscal first-quarter results and a disappointing second-quarter forecast, but finished the day with a 2.2% rise. Now, the shares are holding on to a slim 0.8% year-to-date lead. For those betting on a correction, however, HPE's rally has it running into pressure on the charts. According to Schaeffer's Senior Quantit ...