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SmarTrend Watching for Potential Pullback in Shares of Hologic Inc After 1.52% Gain

By David Diaz

Hologic Inc (NASDAQ:HOLX) traded in a range yesterday that spanned from a low of $38.70 to a high of $39.77. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $39.10 on volume of 913,000 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 $32.81 and a high of $46.80 and are now at $39.70, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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