PPR - Illumina, Inc. (ILMN) Pocket Pivot Feb 11 2011

Published : February 11 2011 at 13:58 ET
Illumina, Inc. (ILMN) is flashing a continuation pocket pivot buy point off of its 10-dma today. We see the pockets in CMG and RDWR as well, but we already alerted you to the earlier pocket pivot on CMG coming up through the 50-dma, and while one could add shares here, the breakout is fairly intuitive and obvious in our view. RDWR is a lesser quality cloud stock, so we are less enthusiastic about this move that is resulting from a buy recommendation on the stock. So far it is holding up, it does hve a reasonable chance of moving higher here.

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