HOLOGIC INC Update for 01.25.2009

HOLOGIC INC. - HOLX

Monthly chart continues to show weakness with no buy signal/pattern in place. Price remains well below all key moving averages on this timeframe.

Weekly chart remains bearish with no buy signal/pattern evident on this timeframe. Price remains well below all key moving averages and the down trendline in place.

Daily chart shows price remains in consolidation/trading range. Price remains well below all key moving averages. Friday's trading session saw a gap down at the open as bears looked to exit their positions. Look for continuation lower, with the first downside price target to be below the $10 level.

HOLX Update for 07.05.2008

HOLOGIC INC. - HOLX

Monthly chart shows price to be below all key moving averages. No buy signal/pattern evident on this timeframe at this time.

Weekly chart shows that early bulls stepped back into the stock but were unable to take it much higher, as they were met with resistance and selling by bears. Currently price is below all key moving averages on this timeframe. The bears have also taken back more than 50% of the gains made since the low of May 2008. Look for consolidation before lower.

Daily chart shows a consolidation pattern being formed. Once this pattern is completed, look for new low to be made. No buy signal/pattern evident on this timeframe, and stock remains bearish.

HOLX Update for 06.08.2008

HOLOGIC INC. - HOLX

Monthly chart shows May's trading activity resulted in a doji, indicating indecision between the bulls and the bears. Price is currently below all key moving averages. No buy signal in place as of yet on this timeframe.

Weekly chart shows the bears managed to take back the prior week's gains from the bulls. Price is currently below all key moving averages. Short term support is off the $20.15 low. Look for a re-test of this low in the days/weeks to come. IF this low holds, THEN look for a long signal and entry.

Daily chart better shows the short term resistance right off the .382 fib resistance and also the 34ema. Bears gapped down the stock at the open of Friday's trading in their haste to exit their positions, and there was relentless selling right into the close. Small LIS where "old resistance becomes new support" did not hold, and we should see resumption of selling next week. It is likely the stock will be stuck in a consolidation range before movement lower. Downside target is a lower low -- within the $17.50 range (which is a prior support level and also a 1.618 fib level.

HOLX Update for 05.04.2008

HOLOGIC INC - HOLX

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.

HOLX Update for 04.19.2008

HOLOGIC - HOLX

Monthly chart shows continued weakness, with no buy signal/pattern evident on this timeframe.

Weekly chart shows continued weakness. No buy signal/pattern evident on this timeframe.

Daily chart shows price stuck in consolidation/trading range. Price currently below all key moving averages, especially the 200sma. IF the bulls can't take price up early in the week, THEN look for the low to break and a lower low to be made before a bigger retracement is possible.

HOLX Update for 03.29.2008

HOLOGIC INC. - HOLX

Monthly chart shows no buy signal/pattern at this time. Price has now closed below the 8ema.
Weekly chart shows price below the 34ema. Short term support off $51.50 area holding for now.

Daily chart shows continued weakness, with price below all key moving averages and also below the down trendline in place. Look for a test of the low and eventual lower.

HOLX Update for 03.08.2008

HOLOGIC INC. - HOLX

Monthly chart shows no buy signal/pattern evident on this timeframe.

Weekly chart shows increasing selling pressure the past week. No buy signal/pattern evident on this timeframe.

Daily chart shows increasing selling pressure this past week, as the bears gapped down the price on Friday's open in their haste to unload their positions. No buy signal/pattern evident on this timeframe.

HOLX Update for 02.23.2008

HOLOGIC INC. - HOLX

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.

HOLX Analysis for 02.14.2008

HOLOGIC INC. - HOLX

Monthly chart shows possible 5 waves up into 1.786 fib resistance at the $72.88 high. The last 2 months showed increasing selling pressure. Price is currently below the prior high where "old resistance becomes new support" did not materialize. Price needs to hold above this $63 support level for the longs to gain any traction. The move up was made with regular divergence on the momentum indicator. No buy signal/pattern evident on this timeframe.

Weekly chart better shows the 5 waves up into the high. No buy signal/pattern evident on this timeframe. IF we have 5 waves up, THEN look for a 3 wave deeper retracement of the last move up. This gives an initial downside target of about $50.

Daily chart shows possible h&s reversal pattern on price. Price seems to be stuck in consolidation/trading range. Look for continued weakness and a break of the neckline on the h&s pattern. No buy signal/pattern evident on this timeframe.

HOLX Analysis for 10.27.2007

HOLOGIC INC. - HOLX

Monthly chart shows possible 5 waves up into 1.618 fib resistance at the $69 area. Move up into high was made with divergence. However, uptrend remains intact with no confirmed sell signal as of yet.

Weekly chart shows more clearly the 5 waves up from the $35.48 low. Dark cloud cover candle pattern indicates initial selling at the all time high. Last week's price action shows indecision between bulls/bears.

Daily chart shows renewed selling last 2 days of past week. IF there is continued weakness THEN look for initial support at the $63.18 high.

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.

HOLX Analysis update for 07.01.2007

Monthly chart shows that the big selling has stopped for the time being. Resistance is currently the prior high at $56.71. The move up into the $63.18 high was made with divergence. IF buyers start to step back into the stock, look for price to test the $63.18 high, and IF sellers start to step back into the stock, look for price to break the $51 low, and head towards $46 area and lower.

Weekly chart shows more clearly the backend resistance, with the key LIS at $56.71 for the last 4 weeks.

The daily chart shows clearly the current resistance above.