Sequenom Inc. (SQNM) May Now Move Into Bearish Mode Below $6.02
By Mark Moneymaster
March 16, 2010 11:02 AM
March 16, 2010 11:02 AM
Symbols: SQNM
Sequenom Inc. (NASDAQ: SQNM) dropped 21% to $6.10 in first half of the session of Tuesday. The biotechnology company Sequenom Inc. (SQNM) posted a Q4 loss excluding some items of 30 cents a share, which were much wider than the average analysts’ estimates.
Sequenom Inc. (SQNM) slipped below its 20 day MA following the gap-down opening by mid-day. Sequenom Inc. (SQNM) is now quoting a shade above its 200 day MA of $6.02, which is the long term support line of stock.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
