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Bearish Moving Average Cross by Illumina (ILMN)

By Nick Russo

Today, shares of Illumina (NASDAQ:ILMN) have fallen below their 10-day MA of $144.95 on a volume of 185K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Illumina has traded in a range of $25.57 to $242.37 and is now at $144.63, 466% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 1.2%.

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