When Hologic ($HOLX) Moves Investors should Listen

October 26, 2023, 13:00 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HOLX

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short HOLX slightly under 71.38, target n/a, stop loss @ 71.59 Details

The technical summary data is suggesting a short of HOLX as it gets near 71.38, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 71.59. 71.38 is the first level of resistance above 66.15, and by rule, any test of resistance is a short signal. In this case, if resistance 71.38 is being tested, so a short signal would exist.

Swing Trading Plans for HOLX

• Buy HOLX slightly over 66.52, target 67.96, Stop Loss @ 66.33 Details

If 66.52 begins to break higher, the technical summary data tells us to buy HOLX just slightly over 66.52, with an upside target of 67.96. The data also tells us to set a stop loss @ 66.33 in case the stock turns against the trade. 66.52 is the first level of resistance above 66.15, and by rule, any break above resistance is a buy signal. In this case, 66.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HOLX slightly near 66.52, target n/a, Stop Loss @ 66.71. Details

The technical summary data is suggesting a short of HOLX if it tests 66.52 with a downside target of n/a. We should have a stop loss in place at 66.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HOLX

• Buy HOLX slightly over 66.66, target 67.39, Stop Loss @ 66.5 Details

If 66.66 begins to break higher, the technical summary data tells us to buy HOLX just slightly over 66.66, with an upside target of 67.39. The data also tells us to set a stop loss @ 66.5 in case the stock turns against the trade. 66.66 is the first level of resistance above 66.15, and by rule, any break above resistance is a buy signal. In this case, 66.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HOLX slightly near 66.66, target n/a, Stop Loss @ 66.82. Details

The technical summary data is suggesting a short of HOLX if it tests 66.66 with a downside target of n/a. We should have a stop loss in place at 66.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Hologic (HOLX) available here: HOLX.

HOLX Ratings for October 26:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	71.38
P2	66.66	66.52	77.70
P3	67.39	67.96	83.92

AI Generated Signals for HOLX

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Hologic (NASDAQ: HOLX) report below is a real world example. Included are trading plans for HOLX, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.