• Return to Headlines

Illumina Inc: The Winning Streak Continues (ILMN)

By James Quinn

Shares of Illumina Inc (NASDAQ:ILMN) traded today at $293.15, breaking its 52-week high. This new high was reached on below average trading volume as 115,000 shares traded hands, while the average 30-day volume is approximately 643,000 shares.

Illumina, Inc. develops, manufactures and markets integrated systems for the large scale analysis of genetic variation and biological function. The Company provides a comprehensive line of products and services that currently serve the sequencing, genotyping and gene expression markets for genomic research centers, pharmaceutical companies, academic institutions and biotechnology companies.

Based on a current price of $289.91, Illumina Inc is currently 9.3% above its average consensus analyst price target of $263.06. The stock should find initial support at its 50-day moving average (MA) of $256.70 and further support at its 200-day MA of $229.36.

Illumina Inc share prices have moved between a 52-week high of $293.15 and a 52-week low of $119.37 and are now trading 143% above that low price at $289.91 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Illumina Inc on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $245.46. Since that recommendation, shares of Illumina Inc have risen 19.0%. We continue to monitor ILMN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows illumina inc

Ticker(s): ILMN