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Watch for Illumina Inc to Potentially Rebound After Falling 5.55% Yesterday

By David Diaz

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. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders illumina inc

Ticker(s): ILMN