Sunday, May 04, 2008

HOLX Update for 05.04.2008


Monthly chart shows the bears were in a hurry to exit the stock during the month of May, when they gapped down the stock price. Chart pattern remains bearish with no buy signal on this timeframe.

Weekly chart shows the increasing selling pressure last week.

Daily chart shows the bears gapped down the price at the open of trading on Thursday, well below the support of the $25.75 level. While some early bulls stepped in, they were unable to hold onto any gains, finally losing ground to close below the open for Thursday's trading. Look for continuation lower in the week(s) to come.

No comments: