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SmarTrend Watching for Potential Pullback in Shares of Hologic Inc After 2.76% Gain

By David Diaz

Hologic Inc (NASDAQ:HOLX) traded in a range yesterday that spanned from a low of $37.55 to a high of $39.36. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $37.85 on volume of 2.4 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 Inc has traded in a range of $32.81 to $46.80 and is now at $38.71, 18% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Hologic Inc on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $41.31. Since that call, shares of Hologic Inc have fallen 8.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders hologic inc

Ticker(s): HOLX