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Illumina Crosses Below its 10-day MA (ILMN)

By Amy Schwartz

Illumina (NASDAQ:ILMN) shares have crossed bearishly below their 10-day moving average of $141.23 on a volume of 186K 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 $140.93, which is 451% 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 monitoring the recent change of momentum in Illumina. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Illumina in search of a potential trend change.

Keywords: moving crosses illumina

Ticker(s): ILMN