Shares of SQNM have held up really well in a downward market, if I were one the people who are short a combined 1.5 million shares I would be nervous. It is a biotech company and those stocks are prone to volatile swings so be sure to have an exit strategy in mind if it moves lower. I like the stock above 9.40 with a stop just under 9.00.
Sequenom, Inc. is a genetics company engaged in the provision of genetic analysis products and services that translate genomic science into solutions for the biomedical research, molecular medicine, agricultural and non-invasive prenatal testing markets. The Company’s MassARRAY system, comprising of hardware, software applications, and consumable chips and reagents, is a high-performance nucleic acid analysis platform that quantitatively and precisely measures genetic target material and variations therein. Its contract research services business provides genetic analysis services to customers as a complement and as an alternative to its systems product offerings