Wednesday, March 26, 2014

Illumina (ILMN) Has Fallen Almost 20% in 22 Days

Illumina (ILMN) hit a new 52-week (and all-time high) of $183.30 on 02014.03.04 (i.e. 22 days ago). Yesterday, 02014.03.25, ILMN closed at $147.89. In other words, ILMN is down ~19.3% in the span of three weeks.

At $147.89 ILMN still has a whopping PSR (Price Sales Ratio) of 13.62, but Illumina is a genomics leader and I believe we've only recently entered into the Age of Genomics.

On 02014.03.26 Yahoo! Finance is showing ILMN's SIR (Short Interest Ratio) at 11.6, which I consider high.

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