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Look for Shares of Hologic Inc to Potentially Pullback after Yesterday's 1.16% Rise

By Shiri Gupta

Hologic Inc (NASDAQ:HOLX) traded in a range yesterday that spanned from a low of $53.47 to a high of $53.87. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $53.64 on volume of 466,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Hologic Inc share prices have moved between a 52-week high of $53.99 and a 52-week low of $40.81 and are now trading 33% above that low price at $54.14 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Hologic Inc on November 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.19. Since that recommendation, shares of Hologic Inc have risen 8.8%. We continue to monitor HOLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hologic inc

Ticker(s): HOLX