Illumina (ILMN) has more room to fall
Stock: Illumina (ILMN)
Long or Short: Short
Entry: 48.40
Stop-Loss: 50.25
Chart: Illumina (ILMN) Daily
Reason for Trade: This could be the first of many short positions from me if things don’t start to improve for the bulls. Right now, ILMN is acting as a hedge against my existing long exposure in th is market. 1495 continues to be my line in the sand and once we close below that level, I’ll start relieving myself of most of my current long positions.
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