Tech Stock Due For Short-Term Rebound

1. HPE's stock dropped 12.3% during the tech selloff early this week. 2. The stock is rebounding, currently up 2.5% to $21.99. 3. Trading near the 126-day moving average historically leads to gains. 4. HPE has a 39% year-over-year lead despite recent options activity. 5. In past instances, HPE rose 80% of the time after touching this trendline.