Saturday, February 23, 2008

HOLX Update for 02.23.2008


Daily chart shows bulls never gained any traction as they were unable to take price up above the $63 level s/r. The past week showed continued weakness, with a break of the h&s neckline. Price closed below all key moving averages. The put option trades have all yielded healthy double digit returns in just one weeks time. Pattern is on track to continue lower, with the $50 downside target in sight.

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