Dow Jones soars above 23,000. Is it too stretched? >>> READ MORE

Take the Profits and Run in This Biotech

Illumina has exceeded our target and flashed two sell signals


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.

ILMN Chart
Click to Enlarge

Chart Key

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC