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Illumina Inc Set to Possibly Pullback After Yesterday's Rally of 5.09%

By Shiri Gupta

Illumina Inc (NASDAQ:ILMN) traded in a range yesterday that spanned from a low of $243.88 to a high of $254.36. Yesterday, the shares gained 5.1%, which took the trading range above the 3-day high of $252.95 on volume of 427,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Illumina Inc have traded between a low of $196.78 and a high of $380.76 and are now at $249.87, which is 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.4%.

SmarTrend is monitoring the recent change of momentum in Illumina Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Illumina Inc in search of a potential trend change.

Keywords: rebounders illumina inc

Ticker(s): ILMN