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Illumina trade setup

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NASDAQ:ILMN   Illumina, Inc.
Entry level $324 above middle channel resistance.
target price $ 349 just below upper channel resistance.
Stop loss $316.
P/E ratio 44
Average analysts estimate $336 | Overweight
Company profile
Illumina, Inc. develops, manufactures, and markets life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina segment, which serves customers in the research, clinical and applied markets, and enable the adoption of a variety of genomic solutions. The company was founded by David R. Walt, John R. Stuelpnagel, Anthony W. Czarnik, Lawrence A. Bock, and Mark S. Chee in April 1998 and is headquartered in San Diego, CA.

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