#HOLX #short #stockHOLX has formed an ugly double top inside of a rising H&S on the daily chart.. It looks to be forming a throwback, which can be best seen on the hourly chart. I would wait for throw back confirmation. set an alert for $35.85. Then enter a short position. The march and September options look to be the most liquid. Again, if you play this stock, wait for the throwback to complete.
weekly
H&S seen on weekly, along with a trend line break. One note of caution, this stock is still forming a series of higher lows.
monthly
indicators pointing down. multiple trend line breaks . rising H&S seen on chart.
HOLX trade ideas
HOLOGIC At Critical Make-Or-Break PointHologic, Inc. (NASDAQ: HOLX) is at a Critical Make-Or-Break Zone around 37.60. If it continues to move above this zone, the Buyers may gain easy control over the sellers to shoot up the price to the upside as per TTC Breakout Formation.
For Short-term targets, Trader should eye on 38 Zone. Then 38.60 is the next resistance. For Swing Traders, 39.45 zone is Very Critical. Above which we can see a good amount of buying.
Hologic, Inc. is a developer, manufacturer and supplier of diagnostic products, medical imaging systems and surgical products. The Company’s core business units focus on diagnostics, breast health, gynecological surgical, and skeletal health. Its major products include the Selenia Dimension mammography system, the Discovery and Horizon bone densitometers, the NovaSure endometrial ablation device, the ThinPrep pap test, and the Aptima, Cervista, and Prodesse diagnostic assays.
HOLX - Inverse head & shoulder formation Long from $43 to $45.93HOLX 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.)