Sequenom - Above Average Volume Detected

Published on Wednesday, 23 November 2011 11:38 Written by TradersHuddle Staff

New York, November 23rd (TradersHuddle.com) - Unusual high volume detected on shares of Sequenom Inc. (NASDAQ:SQNM), early in the trading session. Sequenom is currently trading lower by 5.56%, so definitely the sellers in control, as the stock's volume is on pace to break its average.

Sequenom Inc. (NASDAQ:SQNM) provides genetic analysis products that translate genomic science into solutions for biomedical research, agricultural applications, molecular medicine and non-invasive prenatal diagnostics research.

Sequenom has already traded 0.754 times its 3-month average volume, and has calculated support and resistance at $3.95 and $4.38 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading lower by -1.8% from its previous trading close, which means that Sequenom stock is underperforming the overall market.