Illumina Shares Climbing Higher, Up 1.4%

Published on Wed, 02/06/2013 - 11:26
By Robert Cotter in Market movers, ILMN, illumina, market movers, nasdaq:ilmn

Up 1.4% to $51.70, Illumina (NASDAQ:ILMN), is one of today's notable movers. The S&P is currently trading fractionally lower to 1,509 and the Dow Jones Industrial Average is trading 0.2% lower to 13,945.

In the past 52 weeks, shares of Illumina have traded between a low of $25.57 and a high of $79.40 and are now at $51.70, which is 102% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

There is potential upside of 6.1% for shares of Illumina based on a current price of $51.70 and an average consensus analyst price target of $54.88. The stock should find resistance at its 50-day moving average (MA) of $52.52, as well as support at its 200-day MA of $46.39.

Illumina, Inc. develops, manufactures and markets integrated systems for the large scale analysis of genetic variation and biological function. The Company provides a comprehensive line of products and services that currently serve the sequencing, genotyping and gene expression markets for genomic research centers, pharmaceutical companies, academic institutions and biotechnology companies.

By Robert Cotter
rcotter@fnno.com

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