The PEAD projected a slight bullish outlook for $HOLX after a positive over reaction following its earnings release placing it in drift B
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Bullish Pennant formed after a 9-month run. Multiple new support confirmation over the past few days.
I am being quite conservative with the Stop Loss. You can place it to $76.59 if your appetite for risk is higher.
- Target Entry $80.50
- Target Stop Loss $79.22
- Target Exit $94.00
- P/L September +49.18% | August: +232.32% | No Trades without...
There is some room for this to run longer until earnings in February. If it breaks above this ceiling, upside potential into $103. The stock has good potential and good ratings on both Zacks and Weiss.
Holx looks like it might be headed toward all time highs if this upwave holds. Would be invalidated if price falls below 67.
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Hologic Inc. is a developer, manufacturer and supplier of diagnostic and medical imaging systems primarily dedicated to serving the healthcare needs of women. HOLX’s EPS is projected to grow 59.8% this year, crushing the industry average of 9.6%. With the succession of outperforming competition and profit levels surging, HOLX will continue on a favourable trend...
Testing Correction Pattern theory: Bull Pennant with support. In theory this is ready to bounce – fib trend would suggest 1.27 is at $75.
“I’m not an expert but I have watched a lot of youtube videos.”
Long when fall is complete
Substantial pullback involving a strong stock. Usually not volatile. Hit first target and major pull back/sell off occurred.
Possible support at top trend line of ascending triangle or at handle low. Has fallen through support at recent gap up
Holx was also in a rising wedge before break out from A Triangle.
Those rising wedges seem...
Broke out of C&H and has gone down to fill gap left behind.
I own this but do not recommend it
In the past this has been a slow but steady mover without a lot of volatility.
Only thing that never changes is change though (o:
Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, surgical products, and light-based...