Hologic Crosses Above its 10-day MA (HOLX)
Hologic (NASDAQ:HOLX) crossed over its 10-day moving average of $38.08 on a volume of 366K shares. This may provide swing traders with 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 $38.21, 29% above that low. 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 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 4.6%. We continue to monitor HOLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Hologic