Bearish Moving Average Cross by Hologic (HOLX)

Published on Fri, 08/07/2015 - 11:09
By Adrienne Chilton in Moving average crossovers, HOLX, hologic, moving crosses, nasdaq:holx

Today, shares of Hologic (NASDAQ:HOLX) have crossed bearishly below their 10-day moving average of $40.13 on a volume of 1.8 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Hologic has overhead space with shares priced $40.03, or 5.9% below the average consensus analyst price target of $42.54. The stock should discover initial support at its 50-day moving average (MA) of $38.03 and subsequent support at its 200-day MA of $32.02.

Hologic, Inc. develops, manufactures, and markets x-ray systems. The Company makes x-ray bone densitometers that measure the precise bone density for use in the diagnosing of metabolic bone diseases such as osteoporosis.

Over the past year, Hologic has traded in a range of $20.24 to $42.48 and is now at $40.03, 98% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.4%.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

PDF Solutions: New 52-Week Low Set Today...

PDF Solutions (NASDAQ:PDFS) traded at a new 52-week low today of $11.01. So far today ...

Shares of NRG Energy Fall to a New 52-We...

Shares of NRG Energy (NYSE:NRG) traded today at $18.55, breaking its 52-week low. So f ...

Shares of NCI Rise to a New 52-Week High...

NCI (NASDAQ:NCIT) traded today at a new 52-week high of $16.64. Approximately 70,000 s ...

Watch for Continued Gains in Shares of M...

Medicines Co (NASDAQ:MDCO) traded today at a new 52-week high of $42.70. This new high ...

Recent 52-Week High Exceeded in Shares o...

Shares of Lancaster Colony (NASDAQ:LANC) traded today at $99.11, breaking its 52-week h ...

Watch for Continued Gains in Shares of I...

Shares of Incyte (NASDAQ:INCY) traded today at $124.80, breaking its 52-week high. App ...

Dycom Industries: The Winning Streak Con...

Shares of Dycom Industries (NYSE:DY) traded today at $74.60, breaking its 52-week high. ...

Shares of DiamondRock Hospitality Fall t...

Shares of DiamondRock Hospitality (NYSE:DRH) traded today at $11.29, breaking its 52-we ...