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Look for Shares of Hologic Inc to Potentially Rebound after Yesterday's 1.39% Sell Off

By Shiri Gupta

Hologic Inc (NASDAQ:HOLX) traded in a range yesterday that spanned from a low of $42.51 to a high of $43.40. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $42.58 on volume of 333,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Hologic Inc on September 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.12. Since that recommendation, shares of Hologic Inc have risen 5.2%. We continue to monitor HOLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Hologic Inc share prices have moved between a 52-week high of $45.17 and a 52-week low of $35.10 and are now trading 22% above that low price at $42.65 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Keywords: rebounders hologic inc

Ticker(s): HOLX