Illumina (ILMN) NewsBite - One Of Today's Top Losers

Posted: Thursday, July 02, 2009 3:06 PM EDT

Illumina (ILMN) leads the list of top losers so far today and is now at $33.72, down $4.42 (-11.59%) on volume of 9,211,778 shares traded. Over the last 52 weeks the stock has ranged from a low of $18.82 to a high of $47.88. Illumina stock has been showing support around $37.31 and resistance in the $39.57 range. Technical indicators for the stock are bullish and S&P gives ILMN a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ILMN the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]

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