HOLX - Inverse head & shoulder formation Long from $43 to $45.93

HOLX seems a interesting Long setup. It is breaking out of a inverse head & shoulder formation, and has some momentum characteristics. We would look for half entry now & confirmation entry at the break of $43.04

* Trade Criteria *
Date first found- March 16, 2017
Pattern/Why- Inverse head & shoulder formation
Entry Target Criteria- Break of $43.04; We would consider $43 June Calls
Exit Target Criteria- $45.93
Stop Loss Criteria- $ 41.53

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Trade active:

March 17th - Hit our speculative entry today, and closed little higher. Waiting for further upward move for Confirmed entry.

Comment:

March 28th - Break of $43.00 would be confirmation of rally up to $45.93 area

Comment:

April 3rd - Broke the confirmation breakout label of $43 with increased volume. Looking good as Long.