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Illumina Inc Falls 5.55% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Illumina Inc (NASDAQ:ILMN) traded in a range yesterday that spanned from a low of $290.26 to a high of $294.73. Yesterday, the shares fell 5.6%, which took the trading range below the 3-day low of $293.06 on volume of 307,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Illumina Inc has traded in a range of $207.51 to $381.00 and is now at $290.84, 40% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Keywords: rebounders illumina inc

Ticker(s): ILMN