Bullish Moving Average Cross by Hologic (HOLX)
Hologic (NASDAQ:HOLX) crossed over its 10-day moving average of $38.56 on a volume of 253K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Hologic has traded in a range of $29.71 to $43.00 and is now at $38.79, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of Hologic on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.30. Since that recommendation, shares of Hologic have risen 5.9%. We continue to monitor HOLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Hologic