HOLX Analysis for 07.18.2007

Daily chart shows sellers gapped down the price at the open. While there was buying at the lows, price still closed below the open. Price is currently trading just below the prior key high of $56.71. Looks like price found resistance at the .618 fib level. The move up off the $51 lows look to be corrective in nature, so would expect a move back down to test the lows is likely.

Weekly chart shows more clearly the key LIS at the $56.71 area.

Monthly chart shows divergence with the move up into the $63 area high. Currently there are still buyers, so long as the $51 low holds. No clear signal, so price can still go either way for now.