Sellers Reduce Exposure to Shares of Hologic on 1.5x Above-Average Volume (HOLX)

Published on Thu, 05/02/2013 - 13:16
By Robert Cotter in Unusual volume, HOLX, hologic, nasdaq:holx, unusual volume

Hologic's stock is down 1.7% to $19.92 on heavy trading volume. Approximately 3.3 million shares have changed hands today vs. average 30-day volume of 2.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

There is potential upside of 27.4% for shares of Hologic based on a current price of $19.92 and an average consensus analyst price target of $25.38. Hologic shares should first meet resistance at the 200-day moving average (MA) of $20.84 and find additional resistance at the 50-day MA of $21.75.

In the past 52 weeks, shares of Hologic have traded between a low of $13.90 and a high of $23.96 and are now at $19.92, which is 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

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.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Shares of Pinnacle Financial Partners Un...

Down 1.2% to $37.52, Pinnacle Financial Partners (NASDAQ:PNFP), is one of today's notab ...

Stock Investors Bid Up Shares of Baidu, ...

Up 1.2% to $185.45, Baidu (NASDAQ:BIDU), is one of today's notable movers. The Dow Jon ...

Towers Watson & Co Makes a Move: Down 1....

Down 1.2% to $102.37, Towers Watson & Co (NYSE:TW), is one of today's notable movers. ...

Shares of Google Receive a Boost, Up 1.2...

Google (NASDAQ:GOOG) is one of today's notable stocks on the rise, up 1.2% to $577.78. ...

Shares of Watsco Under Pressure, Down 1....

One of today's stocks on the move is Watsco (NYSE:WSO), down 1.2% to $97.65. The S&P i ...

Shares of Ariad Pharmaceuticals Receive ...

Up 1.2% to $6.02, Ariad Pharmaceuticals (NASDAQ:ARIA), is one of today's notable movers ...

Shares of Centene Under Pressure, Down 1...

Down 1.2% to $76.20, Centene (NYSE:CNC), is one of today's notable movers. The S&P is ...

Callaway Golf Shares Climbing Higher, Up...

Callaway Golf (NYSE:ELY) is one of today's notable stocks on the rise, up 1.2% to $8.52 ...