Illumina Offering Possible 28.21% Return Over the Next 24 Calendar Days

Illumina's most recent trend suggests a bullish bias. One trading opportunity on Illumina is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 28.21% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $7.80 would be incurred if the stock dropped below the $160.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Illumina is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Illumina is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Illumina

Illumina’s Non-Invasive verifi® Prenatal Test Using cfDNA Significantly Reduces False Positive Rate of Fetal Aneuploidy Detection Compared to Current Standard Pregnancy Screening Practices
Thu, 27 Feb 2014 00:30:04 GMT
noodls – Illumina's Non-Invasive verifi® Prenatal Test Using cfDNA Significantly Reduces False Positive Rate of Fetal Aneuploidy Detection Compared to Current Standard Pregnancy Screening Practices Study Results …

5:00 pm Illumina's non-invasive verifi prenatal test using cfDNA significantly reduces false positive rate of fetal aneuploidy detection compared to current standard pregnancy screening practices
Wed, 26 Feb 2014 23:51:19 GMT

Illumina’s Non-Invasive verifi® Prenatal Test Using cfDNA Significantly Reduces False Positive Rate of Fetal Aneuploidy Detection Compared to Current Standard Pregnancy Screening Practices
Wed, 26 Feb 2014 22:00:00 GMT
Business Wire – Illumina, Inc. today announced that in a direct comparison of non-invasive prenatal testing using cell free DNA to standard prenatal aneuploidy screening in a general obstetrical population, the verifi® prenatal test1 significantly reduced the rate of false positive results for the detection of fetal trisomies 21 and 18.

Illumina DNA Screen for Down Syndrome Found More Accurate
Wed, 26 Feb 2014 22:00:00 GMT

Hot health care trades
Tue, 25 Feb 2014 17:15:00 GMT

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