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

By Nick Russo

Shares of Illumina Inc (NASDAQ:ILMN) traded at a new 52-week high today of $207.73. So far today approximately 83,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

Illumina Inc (NASDAQ:ILMN) defies analysts with a current price ($206.62) 14.6% above its average consensus price target of $176.44. Illumina Inc shares have support at the 200-day moving average (MA) of $170.95 and additional support at the 50-day MA of $154.30.

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, Illumina Inc share prices have been bracketed by a low of $119.37 and a high of $207.73 and are now at $206.62, 73% 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 48.3%. 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