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Trade Alert - Sequenom at New Lows

Published on Thursday, 08 December 2011 12:34 Written by Danny Miller

sqnm New York, December 8th (TradersHuddle.com) - Shares of Sequenom Inc. (NASDAQ:SQNM) booked a new 52 week low by trading below $3.78, traders are definitely monitoring Sequenom's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

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 is currently trading -5.49% versus its previous trading session close, and it has calculated support and resistance at $3.82 and $4.33 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -1.19% from its previous trading close, which means that Sequenom stock is underperforming the overall market.

A 52 Week Low for Sequenom

Sequenom Provides Update on Agreement With Coventry Health Care - Benzinga
Sequenom Inc. (SQNM): Today's Featured Drugs Winner - TheStreet.com
UPDATE: Oppenheimer Raises PT of Sequenom to $10 - Benzinga
Sequenom Stock Hits New 52-Week Low (SQNM) - TheStreet.com
Wedbush: Sequenom Has No Room for Missteps - Benzinga
Wedbush: Sequenom 4Q11 Preview - Benzinga
Oppenheimer Reports that Sequenom Is Filing an Injunction against Aria Diagnostics - Benzinga
From Earlier: Sequenom Files Motion for Preliminary Injunction Against Aria Diagnostics - Benzinga
Sequenom Announces Study Published In Genetics In Medicine Demonstrates Sequenom CMM MaterniT21 Test Accurately Detects Two Additional Fetal Trisomies - Benzinga
Sequenom Stock Falls On Unusually High Volume (SQNM) - TheStreet.com

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