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TMCNet:  Stock to Watch: Sequenom Up 5.7% (SQNM)

[June 13, 2013]

Stock to Watch: Sequenom Up 5.7% (SQNM)

Jun 13, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Sequenom (NASDAQ:SQNM) is one of today's best performing low-priced stocks, up 5.7% to $4.45 on 1.3x average daily volume. Sequenom has traded 3.2 million shares thus far today, vs. average volume of 2.4 million shares per day. The stock has outperformed the Dow (5.7% to the Dow's 0.4%) and outperformed the S&P 500 (5.7% to the S&P's 0.4%) during today's trading.

Sequenom (NASDAQ:SQNM) has potential upside of 58.7% based on a current price of $4.45 and analysts' consensus price target of $7.06. The stock should discover initial support at its 200-day moving average (MA) of $4.07 and subsequent support at its 50-day MA of $3.93.

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 $5.36 and a 52-week low of $2.65 and are now trading 68% above that low price at $4.45 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Sequenom and will alert subscribers who have SQNM in their portfolio or watchlist when shares have changed trend direction.

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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