Saturday, April 24, 2010

Chart of the week

Chart of the week

Date: 04/26/2010

Symbol: HOLX

Company Profile: Hologic, Inc. develops, manufactures, and distributes medical imaging systems, and diagnostic and surgical products for serving the healthcare needs of women

Sector: Healthcare

Industry: Medical Appliances & Equipment

TRADING PLAN

Entry price: long above 18.38

Stop price: stop under 18.00 18.15)

Target: 19.50-20 areas

Chart explanation: HOLX trying to bounce from weekly 10sma after move up and consolidation. On the daily chart that is cup and handle and handle is my interest. I will look for HOLX to back at previous high and depends on action (pace and vo9lume) I will see if HOLX can reach weekly 200sma what will be final target area.
If anyone have any question or need update feel contact me over email or in the live trading room.



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Ivica
http://www.ivicatradingcharts.com/

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