Illumina Bullish Moving Average Crossover Alert (ILMN)
Today, shares of Illumina (NASDAQ: ILMN) have crossed bullishly above their 10-day moving average of $39.76 on volume of 363 thousand 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. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for Illumina on January 06, 2010 at $31.34. In approximately 2 months, Illumina has returned 27.6% as of today's recent price of $40.00.
We will continue to monitor ILMN's share price relative to this moving average.
Write to Chip Brian at cbrian@tradethetrend.com
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