Sequenom Inc. (NASDAQ: SQNM), a manufacturer of DNA detection and sequencing equipment, is up sharply in mid-day trading today, reversing some of the losses from this week. SQNM had finished lower in each of the previous four trading sessions this week.
The stock, however, has rebounded from $4.25 support level. SQNM is currently trading 3.58% higher at $4.34 on volume of 3.64 million, which is below the daily average volume of 3.84 million. The stock has fallen more than 17% so far this week.
SQNM has risen sharply today on significant volume. This suggests that market sentiment has turned bullish on the stock. SQNM could continue to rise before facing resistance at around $5.
Banco Santander S.A. (ADR) (NYSE: SAN), a provider of a range of banking and financial products, is up sharply in mid-day trading today, extending its gains for the week. European banks have had an excellent run this week after the Basel Committee for banking supervision relaxed the liquidity requirements for bank.
At last check, SAN was trading 2.08% higher at $8.59 on volume of 1.91 million, which is well below the daily average volume of 3.28 million. The stock has gained nearly 3.5% this week. SAN has broken through $8.50 resistance level, which is a bullish signal. Technical indicators suggest that the bullish trend could continue.
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