I hope today brings lots of opportunities. My morning pick today is Hologic HOLX on the Nasdaq exchange. Click on HOLX chart below to enlarge and read my technical analysis with some fundamental ratios provided by Morningstar.com. I kept it is as simple as possible.
It's one of the cheaper valuations in the Medical Instrument Industry where some stocks are priced as high as 331x. I will never understand these bloated PE ratios based on speculation.
And remember, use the top-down approach: Market-Sector-Industry then stocks because the higher domains can overwhelm any stock from asserting any bull or bear run. For example, if the market is down 200 points then chances are your stock will come down with it and vice versa.
Good luck traders and investors.
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