Stocks Generating Improved Relative Strength: Hologic

Hologic (HOLX) had its Relative Strength (RS) Rating upgraded from 70 to 77 Friday — a welcome improvement, but still short of the 80 or higher score you look for.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the last 52 weeks matched up against all other stocks.

History shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves. See if Hologic can continue to show renewed price strength and clear that threshold.

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The stock, which is on the IBD Big Cap 20 , is building a cup without handle with an 85.10 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.

The company reported 77% earnings growth last quarter. Sales rose 42%.

Hologic earns the No. 1 rank among its peers in the Medical-Systems/Equipment industry group.


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