ILMN rises to highest close since March 21st
Illumina Inc. (ILMN) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team
ILMN finished Monday at 245.19 gaining $3.75 (1.55%) on low volume. Today's closing price of 245.19 marks the highest close since March 21st. Closing above Friday's high at 243.62, the market confirms its breakout through the prior session's high having traded $4.56 above it intraday.
Daily Candlestick Chart (ILMN as at Apr 16, 2018):
Monday's trading range was $5.44 (2.24%), that's below last trading month's daily average range of $7.19. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to the key resistance level at 248.50.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 256.64, upside momentum might speed up should Illumina Inc be able to break out to new highs for the year.