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Illumina Crosses Below its 10-day MA (ILMN)

By Nick Russo

Illumina (NASDAQ:ILMN) shares have crossed bearishly below their 10-day moving average of $139.64 on a volume of 115K shares. Swing traders may find an opportunity 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 $138.37, which is 441% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 0.8%.

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