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Hologic Inc Set to Possibly Pullback After Yesterday's Rally of 3.49%

By David Diaz

Hologic Inc (NASDAQ:HOLX) traded in a range yesterday that spanned from a low of $41.52 to a high of $43.54. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $41.36 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Hologic Inc have traded between a low of $35.10 and a high of $45.09 and are now at $42.82, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Hologic Inc and will alert subscribers who have HOLX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders hologic inc

Ticker(s): HOLX