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Illumina Inc Bearish Moving Average Crossover Alert (ILMN)

By James Quinn

Illumina Inc (NASDAQ:ILMN) crossed under its 10-day moving average of $272.42 on a volume of 111K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Illumina Inc has traded in a range of $252.43 to $380.76 and is now at $265.61, 5% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 1.2% lower over the past week, respectively.

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