Shares of Hewlett Packard (NYSE:HPE) fell sharply Wednesday after reporting earnings. At one point, the stock was down more than 10%, trading near $15.50. As it declines, some investors who were long are selling in panic while others are buying, thinking it's a great discount.
Buy Here
However, the smart money is waiting patiently for Hewlett Packard to tag $15, a key pivot on the stock chart and a major buy level. Once hit, HPE will see a solid bounce for a swing-trade long.