Monday, June 16, 2008

HOLX

HOLX has rallied after a strong move downward in May. It is now nearing its 50 sma and weakly consolidating. I don't think this stock has any fuel left in the tank and leaving it very vulnerable here. The 50 sma should definitely act as resistance, but it may not even reach that level. I'd look to short around these levels in anticipation of a pullback down to 21/its recent lows.

No comments: