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Bullish Moving Average Cross by Illumina Inc (ILMN)

By Nick Russo

Illumina Inc (NASDAQ:ILMN) shares have crossed bullishly above their 10-day moving average of $266.27 on a volume of 155K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Illumina Inc share prices have moved between a 52-week high of $380.76 and a 52-week low of $196.78 and are now trading 39% above that low price at $274.46 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.1%.

SmarTrend recommended that subscribers consider buying shares of Illumina Inc on March 20th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $240.98. Since that recommendation, shares of Illumina Inc have risen 9.3%. We continue to monitor ILMN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses illumina inc

Ticker(s): ILMN