Mid-Day Follow-Up Commentary On Selected Stocks: (AMEX: PAL), (NYSE: HPQ)
North American Palladium Ltd. (AMEX: PAL), a precious metal producer operating its flagship Lac des lles mine in Ontario, Canada, is up sharply in mid-day trading today. At last check, PAL was trading 5.92% higher at $1.61 on volume of 2.46 million, which is well above the daily average volume of 2.13 million. The stock has gained more than 7% in the last three trading sessions.
PAL has broken through $1.60 resistance level in trading today. The next resistance level for the stock is at around $1.70. The stock could post significant gains if it breaks through this level.
Hewlett-Packard Company (NYSE: HPQ), a provider of products, technologies, software, solutions and services to individual consumers, small-and medium-sized businesses, and large enterprises, is up sharply in mid-day trading today. At last check, HPQ was trading 1.75% higher at $15.66 on volume of 18.25 million, which is well below the daily average volume of 29.79 million.
HPQ has had an excellent run over the last one week. In the last five trading sessions, the stock has gained more than 14%. The stock could continue to rise before facing resistance at around $17.
HPQ today announced its first Big Data Solutions training and certification program for the HP Vertica Analytics Platform.
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