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Watch for Illumina Inc to Potentially Rebound After Falling 2.71% Yesterday

By Shiri Gupta

Illumina Inc (NASDAQ:ILMN) traded in a range yesterday that spanned from a low of $284.57 to a high of $290.00. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $288.64 on volume of 400,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Illumina Inc on July 12th, 2019 by issuing a Downtrend alert when the shares were trading at $308.20. Since that call, shares of Illumina Inc have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Illumina Inc share prices have moved between a 52-week high of $381.00 and a 52-week low of $207.51 and are now trading 37% above that low price at $284.70 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

Keywords: rebounders illumina inc

Ticker(s): ILMN