12-08-2014, 05:37 PM
HP is a dividend achiever (a good thing), but E&P can be volatile, so I would wait until the stock settles down a little. The stock has dropped 46% in the last 5 months, and the technical indicators are still looking weak.
Eva Dimensions (Starmine rating of 85) has a buy rating on the stock. The analysts consensus is bullish, but analysts don't always get it right. If you still believe this is a stock you want to invest in, my suggestion is: Consider how many shares you want to own, and only buy a 1/3 position. Take that first 1/3 position monitoring MACD and stochastics. build a full position based on market conditions and technical indicators. Don't rush it. It may take a year to build a safe full position.
Thanks for posting. HP has been on my radar for some time, but I couldn't pull the trigger. I may now consider adding this stock to my portfolio as I monitor the technicals and market conditions.
M$$I
Eva Dimensions (Starmine rating of 85) has a buy rating on the stock. The analysts consensus is bullish, but analysts don't always get it right. If you still believe this is a stock you want to invest in, my suggestion is: Consider how many shares you want to own, and only buy a 1/3 position. Take that first 1/3 position monitoring MACD and stochastics. build a full position based on market conditions and technical indicators. Don't rush it. It may take a year to build a safe full position.
Thanks for posting. HP has been on my radar for some time, but I couldn't pull the trigger. I may now consider adding this stock to my portfolio as I monitor the technicals and market conditions.
M$$I