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Upgrade Alert for Illumina (ILMN)
[March 01, 2013]

Upgrade Alert for Illumina (ILMN)

Mar 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Illumina (NASDAQ:ILMN) was upgraded from Neutral to Buy at UBS today. The stock closed yesterday at $50.13 on volume of 2.2 million shares, above average daily volume of 1.2 million. In the past 52 weeks, Illumina share prices have been bracketed by a low of $25.57 and a high of $79.40 and closed yesterday at $50.13, 96% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.2%.

Illumina (NASDAQ:ILMN) has potential upside of 9.2% based on a current price of $50.13 and analysts' consensus price target of $54.73. The stock should hit resistance at its 50-day moving average (MA) of $51.72, as well as support at its 200-day MA of $46.77.

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.


SmarTrend is tracking the current trend status for Illumina and will alert subscribers who have ILMN in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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