Illumina (ILMN) Looking Strong, Midweek Update

Illumina (ticker: ILMN) is looking very strong these days. I rediscovered Illumina with a scan I designed to search for stocks with the strongest one month moves. Illumina has a very interesting business model. Do some research and you’ll see. I took a position today based on the chart action. What really caught my attention is the 162.70% year over year revenue growth, low debt (9.41M) and total cash of 156.76M. But chart is what sold me.














Some recent recommendations: Change:
Illumina Inc. (ticker: ILMN) (bought today) up 1.98%
Celgene (ticker: CELG) up 7.24%
Telecom HOLDRs Trust (TTH) up 4.94%
Pharmaceutical HOLDRs Trust (PPH) up 2.35%

I sold Gold (ticker: GLD) and Silver (ticker: SLV) on Friday (7/21/2006), as they were rolling over and reversing gains. They’re both rising again today and may resume their up trends. If they continue to rally, I may trade them again.