Zacks.com Announces That Dr. Melvin Pasternak Highlights the Following Stocks: Hewlett-Packard, EMC, and Atwood Oceanics.

CHICAGO -- Dr. Melvin Pasternak says a mild pullback this coming trading week seems probable. Learn about Hewlett-Packard (NYSE:HPQ), EMC (NYSE:EMC), and Atwood Oceanics (NYSE:ATW). Dr. Melvin Pasternak is the editor of the StreetAuthority Swing Trader newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the July 18th Featured Expert column by Dr. Melvin Pasternak include:

Long candidates:

Hewlett-Packard (NYSE:HPQ): Since C.E.O. Mark Hurd took over the ailing PC and computer peripherals manufacturer, HPQ has been on a tear. The stock has climbed from below $20 in late April and currently trades at $24.94. There is some resistance near $26, but if the shares can make it back above that level, then it would create a technical target in the low $30's.

EMC (NYSE:EMC): Computer storage giant EMC last traded near $15 in late December, 2004. The stock is again testing that level. For the last month, it has moved sideways in a narrow consolidation, with support at $13.42 and resistance at $14.88. If EMC can clear $15, then there is some long-term resistance at $16, but the shares could make an assault on $20.

Atwood Oceanics (NYSE:ATW): Dr. Pasternak highlighted off-shore oil driller Atwood several weeks ago at $55.13. The stock has peaked at $65.99 since that time. ATW has now pulled back and is testing support near $59.

Read Dr. Melvin Pasternak's commentary regarding the probability of a mild pullback and receive more information on the stocks above as well as additional stocks by clicking: http://at.zacks.com/?id=85

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