Trading Ideas – ILMN
November 26, 2014 MarcoTrade 4,027
ILMN develops and manufactures life science tools and integrated systems for the large scale analysis of genetic variations. This Big Cap Health Care stock is a market leader with a strong focus on innovation. The stock is now trading at $189.14, still very close to the $182.50 level where the stock broke out. For the last month or so ILMN has traded somewhat sideways after a solid run from the $170 level in a matter of a few days. I believe that this is just a short term pattern of consolidating gains. In fact, I initiated a fairly large position in ILMN on November 24th at $186.70. This stock is likely to test the $200 level before the end of the year and it is a great buy at this level.
Categories: Trading Ideas