May And June Outlook On Illumina Inc.

Illumina Inc. (ILMN) has been in an uptrend for quite some time, but some argue that the time for the much awaited correction is around the corner. What do the charts say about this? The analysis for ILMN is presented below and provides some answers.

Illumina Inc. had a good Q1 2019 earnings report, in which the company reported earnings per share (EPS) of $1.60, which was better than the $1.34 consensus estimated by Thomson Reuters. Revenues were up by about 8.2% quarter on quarter. An SEC filing indicates that a company director recently sold 5,000 units of his holdings for $1.552 million.

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