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.
PPR - Illumina, Inc. (ILMN) Pocket Pivot Feb 11 2011
|Published:||11 Feb 2011 18:58 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.