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Illumina Bearish Moving Average Crossover Alert (ILMN)

By James Quinn

Illumina (NASDAQ:ILMN) crossed under its 10-day moving average of $166.64 on a volume of 140K 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, shares of Illumina have traded between a low of $25.57 and a high of $242.37 and are now at $165.59, which is 548% 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 recommended that subscribers consider buying shares of Illumina on January 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $139.64. Since that recommendation, shares of Illumina have risen 19.8%. We continue to monitor ILMN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses illumina

Ticker(s): ILMN