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Bearish Moving Average Cross by Illumina Inc (ILMN)

By Nick Russo

Today, shares of Illumina Inc (NASDAQ:ILMN) have fallen below their 10-day MA of $325.72 on a volume of 149K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Illumina Inc has traded in a range of $207.51 to $372.61 and is now at $322.09, 55% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

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

Keywords: moving crosses illumina inc

Ticker(s): ILMN