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Bearish Moving Average Cross by Hologic (HOLX)

By David Diaz

Today, shares of Hologic (NASDAQ:HOLX) have fallen below their 10-day MA of $36.95 on a volume of 2.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Hologic share prices have moved between a 52-week high of $43.00 and a 52-week low of $29.71 and are now trading 16% above that low price at $34.33 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Hologic on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.87. Since that recommendation, shares of Hologic have risen 5.5%. We continue to monitor HOLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Hologic

Ticker(s): HOLX