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Bearish Moving Average Cross by Illumina (ILMN)

By James Quinn

Illumina (NASDAQ:ILMN) shares have crossed bearishly below their 10-day moving average of $137.95 on a volume of 170K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Illumina share prices have been bracketed by a low of $25.57 and a high of $242.37 and are now at $136.93, 436% above that low price. The 200-day and 50-day moving averages have moved 1.17% lower and 0.77% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Illumina and will alert subscribers who have ILMN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses illumina

Ticker(s): ILMN