Take the Profits and Run in This Biotech

Illumina has exceeded our target and flashed two sell signals

   
Take the Profits and Run in This Biotech

Illumina (ILMN) — This company develops, manufactures and markets life science tools and integrated systems for the analysis of genetic variation and biological function.

The stock was recommended in our Top Stocks to Buy for May at $64 with a trading target of $70 and longer-term target of $72.

Since the stock has met both of our targets, flashed a sell signal from our proprietary indicator, the Collins-Bollinger Reversal (CBR), on July 12, and gave a MACD sell signal yesterday, it is time for shareholders to cash in their profits and await better buying opportunities.

07 17 13 ilmn 300x186 Take the Profits and Run in This Biotech
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chart key 300x84 Take the Profits and Run in This Biotech


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/trade-of-the-day-illumina-ilmn/.

©2014 InvestorPlace Media, LLC

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