Sequenom (SQNM) Bearish Technical Alert - Trend Down 15.1%

Sequenom (NASDAQ:SQNM) is trading 1.9% lower (down $0.06 to $3.03) today on volume of 787,391 shares. The stock has traded within a 52-week range of $2.55 and $25.99.

Sequenom is currently below its 50-day moving average of $4.51 and below its 200-day moving average of $8.57.

SmarTrend is bearish on shares of SQNM and our subscribers received a Downtrend alert on September 29, 2009 at $3.57, which has returned 15.1% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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