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SEQUENOM INC
(SQNM-Nasdaq):
Technical Viewpoint: From a low
of $24.00 on Sep 11, 2000 prices
rallied, reaching a
high of $36.00
on Sep 15, 2000. A
decline saw prices pull back, reaching a
low of
$30 3/8 on Sep 19, 2000.
Another rally saw prices penetrate
resistance, closing 9/29/00
at $42 1/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 15, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.00. Resistance: Is at $45.00.
Point & Figure: Reversed to the upside on Sep 21, 2000. A P&F upside
reversal takes place at $38 3/4. Summary: Technical indicators have turned bullish. BUY! SEQUENOM INC
(SQNM-Nasdaq) @ $42 5/8 Stop: Use a protective stop of $39 7/8.
SEQUENOM INC is currently trading @ $42 1/8 plus $4.94 on Sep 29, 2000. Price Objective:
$55.00. Risk/Reward: $2 3/4 VS. $12 3/8 . Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2 3/4 VS. $12 3/8
Risk/Reward Ratio:
4:1
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