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Bullish Moving Average Cross by Illumina (ILMN)

By James Quinn

Illumina (NASDAQ:ILMN) shares have crossed bullishly above their 10-day moving average of $139.44 on a volume of 151K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $139.64, 446% 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