Can HP do the trick tonight?

  1. 2,070 Posts.
    The Nasdaq is just shy of its summer high -- a key resistance level. HP's news could push it over.
    November 20, 2002: 6:04 PM EST
    By Justin Lahart, CNN/Money Staff Writer

    NEW YORK (CNN/Money) - After market-pleasing results from Hewlett-Packard, it looks like Wall Street could be in for some fireworks.

    Wednesday's big move higher brought the Nasdaq to its highest level in three months and, at 1,419.35, just points away from the closing high of 1,422.95 it hit during this summer's rally.

    It's a level that traders have been keenly focusing on -- if the Nasdaq can clear it, it will be the first time one of the major indexes has gone through the previous recovery's high since the bear market began in 2000.

    http://money.cnn.com/2002/11/20/markets/hewlettrally/index.htm
 
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