• Return to Headlines

Illumina Inc Bearish Moving Average Crossover Alert (ILMN)

By Amy Schwartz

Today, shares of Illumina Inc (NASDAQ:ILMN) have fallen below their 10-day MA of $371.44 on a volume of 238K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Illumina Inc has traded in a range of $207.51 to $381.00 and is now at $366.33, 77% above that low. The 200-day and 50-day moving averages have moved 0.11% higher and 1.09% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Illumina Inc on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $318.54. Since that recommendation, shares of Illumina Inc have risen 17.0%. We continue to monitor ILMN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses illumina inc

Ticker(s): ILMN