Hewlett-Packard Co. CEO Resigns Amidst Sexual Harassment Scandal (HPQ)

Description

Hewlett-Packard Co's (NYSE:HPQ) CEO Mark Hurd has resigned Friday, following an investigation into sexual harassment allegations. The allegations have been filed against Hurd by a former company contractor, MarketWatch reports. Company officials said they found "no violation of HP's sexual harassment policy, but did find violations of HP's Standards of Business Conduct." SmarTrend currently has Hewlett-Packard in anUptrend. Since 2008, SmarTrend subscribers trading Hewlett-Packard using our alerts outperformed the stock by 37%. Hewlett-Packard is currently above its 50-day moving average (MA) of $46.23 and should find resistance at its 200-day MA of $49.56. In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has slid 0.05%. Shares of the company closed Friday's trading session at $46.30.

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