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Monday, October 10, 2011

Selling Overdone In These Names: (ILMN)

On October 10, these stocks were spotted as oversold: Illumina Inc. The price of these stocks have fallen sharply to level below their true value. This is interpreted as a sign that the stocks are undervalued and may represent a buying opportunity for investors.

Shares of Illumina Inc (ILMN) traded higher by 1.43% or $0.39/share to $27.57. In the past year, the shares have traded as low as $25.71 and as high as $79.41. On average, 2959300 shares of ILMN exchange hands on a given day and today's volume is recorded at 2885672.