Illumina Defies the Rating: Up 4.5% Fails to Respond: Flat Since Last Week's Downgrade
A week ago, Janney Montgomery downgraded Illumina from Neutral to Sell. The stock closed at $145.22, which is 4.5% higher than the price one week ago ($138.99).
Potential upside of 21.3% exists for Illumina, based on a current level of $145.22 and analysts' average consensus price target of $176.15. The stock should run into initial resistance at its 50-day moving average (MA) of $154.30 and subsequent resistance at its 200-day MA of $170.95.
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: analyst reflections illumina