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Shares of Illumina Inc Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Illumina Inc (NASDAQ:ILMN) traded today at $201.26, breaking its 52-week high. This new high was reached on below average trading volume as 204,000 shares traded hands, while the average 30-day volume is approximately 1.8 million 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.

Illumina Inc (NASDAQ:ILMN) is currently priced 12.3% above its average consensus analyst price target of $176.44. The stock should discover initial support at its 200-day moving average (MA) of $170.95 and subsequent support at its 50-day MA of $154.30.

In the past 52 weeks, Illumina Inc share prices have been bracketed by a low of $119.37 and a high of $201.26 and are now at $201.26, 69% 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 recommended that subscribers consider buying shares of Illumina Inc on January 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $139.64. Since that recommendation, shares of Illumina Inc have risen 43.0%. 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