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Hewlett-Packard (NYSE:HPQ) announced that it would acquire privately-held security software maker Fortify Software for an undisclosed amount. Fortify's software will eventually be merged with HP's software and solutions business and become part of its applications for business technology. H-P shares have declined over 12% since the ouster of CEO Mark Hurd, and many are now saying that it could be an optimum entry price. The acquisition comes in the wake of a similar move by rival IBM (NYSE:IBM) which recently snapped up PC security specialist BigFix. SmarTrend alerted subscribers to take profits in Hewlett-Packard on August 09, 2010 at $43.13, since then the stock fell 5.4%. We are now watching for any positive developments that could result in a new uptrend signal.