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TMCNet:  Traders Get Bullish on Shares of Sequenom, Shares Up 6.6% (SQNM)

[November 26, 2012]

Traders Get Bullish on Shares of Sequenom, Shares Up 6.6% (SQNM)

Nov 26, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Sequenom (NASDAQ:SQNM) is one of today's best performing low-priced stocks, up 6.6% to $4.54 on 1.1x average daily volume. Sequenom has traded 2.5 million shares thus far today, vs. average volume of 2.4 million shares per day. The stock has outperformed the Dow (6.6% to the Dow's -0.7%) and outperformed the S&P 500 (6.6% to the S&P's -0.6%) during today's trading.


Sequenom has overhead space with shares priced $4.54, or 30.2% below the average consensus analyst price target of $6.50. Sequenom shares have support at the 200-day moving average (MA) of $4.01 and additional support at the 50-day MA of $3.61.

Sequenom Inc. is a genomics company. The Company provides genetic analysis products that translate genomic science into solutions for biomedical research, agricultural applications, molecular medicine and non-invasive prenatal diagnostics research.

Sequenom share prices have moved between a 52-week high of $5.83 and a 52-week low of $2.65 and are now trading 71% above that low price at $4.54 per share. The 200-day and 50-day moving averages have moved 0.51% lower and 0.6% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Sequenom. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sequenom in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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