After Yesterday's Rally of 1.01% Shares Could Potentially Pullback
Hologic (NASDAQ:HOLX) traded in a range yesterday that spanned from a low of $33.46 to a high of $33.95. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $33.80 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Hologic has traded in a range of $29.71 to $43.00 and is now at $33.91, 14% 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 is tracking the current trend status for Hologic and will alert subscribers who have HOLX in their portfolio or watchlist when shares have changed trend direction.
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