Hewlett Packard's stock gained 7%
after the company published a quarterly sales report. This report
reassured investors, simultaneously making them more loyal towards the
company’s anti-crisis plan.
According to Market Leader, several market analysts had anticipated
much poorer financial performance. In Q4, HP’s net profit reached
$1,414bn or 73 cents per share. In 2012, it was a 6,85bn loss!
Therefore, the financial performance has improved drastically since
then.
Meanwhile, the company’s stock is consolidating after a major rally. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of HPQ:
