Illumina could regain its upward trend after having run out of steam

There is a strong buyer consensus as none analyst is on the selling side. Their average target price is displaying an 8.6% upward potential. The firm very good Surperformance rating emphasize its growth revenue, its sound finances and the high profitability.

Illumina, is in a bullish trend in the medium and the long term. All moving averages remain well-oriented. A consolidation phase is taking place within the USD 213.9/220.7 range. Near the lower limit prices could increase, supported by the rising 50-day MA.

Consequently, could open a long position at current prices and target a reversal toward the USD 229 pivot point and by extension the USD 239. A stop loss order will be set at USD 212.9.