Illumina surrounded with positive signals - Analysis - 14-11-2022

Illumina's stock (ILMN) rose in the intraday levels, marking a fresh profit of 1.10% in the last session, or 2.65 points, and settling at 242.74, with trading volumes surpassing 1.3 million shares, barely below 10-day averages, while buoyed by piercing the main downward short-term trend line, as the stock also trades above the 50-day SMA, with positive signals from the RSI.

Therefore we expect more gains for the stock, targeting the resistance of 303.15, provided the resistance of 258.07 was breached. 

Expected trend for today: Bullish