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Illumina, Inc.Illumina, Inc.Illumina, Inc.

Illumina, Inc.

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ILMN trade ideas

The Cliff Fall Was Too Much. (LONG)After bad guidance and downgrades, $ILMN was destined to fall. My theory for initiating a swing trade is the selling was too overdone. This is not a long-term "long" but an idea for a short-term "long". I think it is very likely to recover to the 200 EMA (purple line) but watch there is a daily trend line (black line) which will likely be strong resistance too. Currently, they are at about the same level. I am long until that point and personally will be taking profits. I may keep a smaller position on for a $340 target depending on how it looks at that target. My stop loss is just below $300 which has good daily support and was the intra-day pre-market bottom of this massive dump as well ($299.61).
NASDAQ:ILMNLong
by businessjeremy
2
Don't touch Illumina Inc yet, more downside very possible. The major damage has been done in NASDAQ:ILMN but further damage is very possible, those that bought the dip today got no reward and will have a anxious wait on monday to see if more downgrades will follow. It will take some time before investors will rush back into the stock as it still carries a very hefty valuation. The genetics company expects to report second-quarter revenue of approximately $835 million, compared to a $888 million estimate and $830 million in the second quarter of 2018. The company reports approximately $10 million lower revenue than expected is due to ongoing weakness in the direct-to-consumer market, primarily impacting array services. “We are obviously disappointed with our second quarter financial results. Our preliminary analysis suggests that these challenges are transitory and do not reflect a macro change to the fundamentals of our business,” said CEO Francis deSouza. “Despite our shortfall this quarter, we remain as enthusiastic about the long-term growth prospects for our markets as we have ever been, and are committed to setting the industry’s bar for consistency and execution in the dynamic and rapidly growing world of genomics." source Benzinga
NASDAQ:ILMN
by RedHotStocks
1
Illumina Corp - Further upside possibleIllumina had a slight correction recently, and is now ready to resume the uptrend. The weekly chart is at value, after failing to break the shoulder line resistance, while the volatility and volume decreased significantly if you analyze the Force Index. This leads me to believe that this was a correction, and not a start of a more important bearish move. The daily chart has a typical double bottom (for a correction) with a divergence on the MACD histogram; Today we see a strong candle, leading me to believe that the short term momentum has changed. It's very important to see price breaking the swing high at 190$, and I wouldn't be taking profits there, although I believe that getting long now and getting out at 190 is as sure as a trade can be. Look for the major swing high to be tested, soft stop below this correction.
NASDAQ:ILMNLong
by vlad.adrian