Hologic Inc.(HOLX) is in an downtrend but momentum is showing some life

(23-May-2008) (23-May-2008) Hologic Inc.(HOLX) closed at 24.15, up 0.47 or 1.98 % for the day. Based on our analysis, Hologic Inc.(HOLX) is in an downtrend but momentum is showing some life.

The closing price of Hologic Inc.(HOLX) is below its 50 day moving average of 26.3 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Hologic Inc.(HOLX) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 21-May-2008, about 6 trading days ago.