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Bullish Moving Average Cross by Illumina Inc (ILMN)

By David Diaz

Today, shares of Illumina Inc (NASDAQ:ILMN) have crossed bullishly above their 10-day moving average of $315.52 on a volume of 151K 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.

Over the past year, Illumina Inc has traded in a range of $207.51 to $372.61 and is now at $321.56, 55% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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: moving crosses illumina inc

Ticker(s): ILMN