ILMN - Short

20 giu 2017

This would be the fourth time ILMN stock price falls quickly and substantially, if it happens. The top price of approximately $190 did not hit the two point trend line set up by past highs. In the past four times it fell quickly and without warning. Will it happen again? It appears it might since the current price fluctuations are lower than the established on May 5th, 2017 and appear to be heading in an increasing descending pattern. Also, the EPS estimate has dropped and the price earning multiple is very high! The bottom trend line has been touched in the last four downturns and is descending. I look forward to your thoughts. Thanks.