CMP: 36

Hewlett-Packard Company provides imaging and printing systems, computing systems, and information technology services for business and home. The Company's products include laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. Hewlett-Packard sells its products worldwide.

HP tanked to $ 36 after its CEO lowered EPS guidance for FY12. Its fundamentally stable and is currently undervalued at P/E of little below 10. The stock can dip even more on the downward momentum, but its a good opportunity to accumulate on dips of 10% from current levels. During recession, HP shares hit 5 year low of $ 27 levels only to bounce back immediately. The downside risk is very minimal and is a good buy. One can look to exit HP shares above $ 50 where the stock has consistently faced resistance in the past.