Hologic: Holding Above 200-week SMA Inside of a Cup with Handle
Hologic is currently Consolidating within the potential handle of a Bullish Cup with Handle pattern and is holding above the 200-week Simple Moving Average. If this pattern plays out successfully, the measured move target would take HOLX up to around $118. n addition to the technical pattern, HOLX seems to be improving its balance sheet on an annual basis, consistently increasing Assets while decreasing Liabilities and Debts. Overall, this stock seems like a stronger stock within the health sector.
