Stock Chart Analysis HOLX

Posted by downtowntrader | 12/16/2007 08:54:00 PM | 0 comments »

Stock Chart Analysis HOLX

Hologic, Inc. (Public, NASDAQ:HOLX)

HOLX held up pretty well in a weak day Friday. It just hit new all time highs a few weeks ago and the subsequent pullback has been rather tame. It looks like it's in a well defined trading range and it's worth watching to see if it can break through the range soon. If the markets show strength in the next day or two, it may even be worth entering a little early if it can clear $66. A successful breakout would have an estimated target of $77. Of course, the general markets will probably have to cooperate.

Good Trading,


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