High Above Average Volume on Sequenom

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High Above Average Volume on Sequenom

Published on Friday, 20 January 2012 11:38 Written by Christopher Lynn

sqnm New York, January 20th (TradersHuddle.com) - Unusual high volume detected on shares of Sequenom Inc. (NASDAQ:SQNM), early in the trading session. Sequenom is currently trading lower by 4.34%, so definitely the sellers in control, as the stock's volume is already above 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 2.838 times its 3-month average volume, and has calculated support and resistance at $4.06 and $4.70 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 -0.3% 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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