#HewlettPackardEnterprise Co. ( #HPE - Get Report) was upgraded by TheStreet.com's quantitative service today, so my interest was piqued to look at the latest charts and indicators. Is HPE ready for an upside breakout? Let's check. In this daily bar chart of HPE, below, we can see that prices have been finding buying interest in the $13.00 to $12.50 area several times over the past twelve months. After these dips, the price has rallied or bounced. Sometimes the bounces are stronger, sometimes just so-so. The rallies have run out of steam in the $14.50 to $15.00 area. Prices have crossed the 50-day and 200-day moving average lines a number of times. Currently HPE is above the rising 50-day and the rising 200-day moving averages. The On-Balance-Volume (OBV) line has moved up and down with the price action over the past year. The trend-following Moving Average Convergence Divergence (MACD) oscillator turned up from below the zero line in June for a cover-shorts buy signal. Since June, the MACD oscillator has spent most of its time above the zero line.
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