May. 10 at 4:49 PM
$HPQ just flipping green YTD is quietly interesting in a tape where semis and AI infrastructure names have been running far ahead.
You’re right that it’s not a clean comparison to
$DELL or
$SMCI — HPQ is more legacy hardware + PC/print cycle exposure — but the relative lag vs peers is getting stretched when you look at dispersion.
Technically,
$22.78 (200DMA) is the line that matters. If price can reclaim and hold above that zone, it opens the door for mean reversion flows to rotate back into the name, especially if investors start hunting “catch-up” trades outside the crowded AI leaders.
YTD spread tells the story:
$DELL +100% vs
$HPQ +3.45% vs
$SMCI +20.84% — that gap is either justified by fundamentals… or waiting for normalization.
Curious about the full approach?👉 Check the @MeanReverter_
