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Recent 52-Week High Exceeded in Shares of Illumina Inc (ILMN)

By James Quinn

Shares of Illumina Inc (NASDAQ:ILMN) traded today at $306.01, breaking its 52-week high. So far today approximately 152,000 shares have been exchanged, as compared to an average 30-day volume of 760,000 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.

In the past 52 weeks, shares of Illumina Inc have traded between a low of $119.37 and a high of $306.01 and are now at $305.04, which is 156% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.5%.

Based on a current price of $305.04, Illumina Inc is currently 13.8% above its average consensus analyst price target of $263.06. The stock should discover initial support at its 50-day moving average (MA) of $275.40 and subsequent support at its 200-day MA of $237.69.

SmarTrend is tracking the current trend status for Illumina Inc and will alert subscribers who have ILMN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows illumina inc

Ticker(s): ILMN