HOLOGIC INC. - HOLX
Monthly chart shows continued weakness and selling pressure. Price is currently below all key moving averages, and is well below its 8ema currently. No buy signal/pattern evident on this timeframe.
Weekly chart continues to show weakness, with price well below all key moving averages, and also below the down trendline in place. No buy signal/pattern evident on this timeframe.
Daily chart shows that the consolidation pattern identified in early June 2008 finally played out, with its first target at the 1.27 fib level achieved. The stock lost almost 20% on July 31, 2008 upon learning of a delay in a product launch. Price is currently below all key moving averages on this timeframe. No buy signal/pattern evident on this timeframe.
Sunday, August 03, 2008
HOLX Update for 08.02.2008
Posted by TraderZ at 8/03/2008 12:39:00 PM
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