• Return to Headlines

Bearish Moving Average Cross by Hologic (HOLX)

By Shiri Gupta

Hologic (NASDAQ:HOLX) crossed under its 10-day moving average of $45.18 on a volume of 3.8 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Hologic have traded between a low of $29.71 and a high of $45.92 and are now at $43.92, which is 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Hologic on November 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.15. Since that recommendation, shares of Hologic have risen 17.4%. 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