HOLX runs into sellers again around 42.14
Hologic (HOLX) Technical Analysis Report for Jul 13, 2018
Moving higher for the 7th day in a row, HOLX finished the week 2.24% higher at 42.01 after gaining $0.06 (0.14%) today. Today's closing price of 42.01 marks the highest close since February 2nd. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $0.27 (0.64%), that's far below last trading month's daily average range of $0.73. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.
Prices are trading close to the key resistance level at 42.21. After having been unable to move above 42.21 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 42.14.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might speed up should prices move above the nearby swing high at 42.21 where further buy stops could get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.