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Illumina Inc Set to Possibly Pullback After Yesterday's Rally of 1.88%

By Amy Schwartz

Illumina Inc (NASDAQ:ILMN) traded in a range yesterday that spanned from a low of $242.74 to a high of $246.83. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $243.96 on volume of 208,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Illumina Inc share prices have been bracketed by a low of $119.37 and a high of $256.64 and are now at $246.58, 107% 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 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: rebounders illumina inc

Ticker(s): ILMN