SeqLL Challenging its Tuesday High

(24/7 MARKET NEWS) – On Tuesday we covered SeqLL’s (NASDAQ: SQL) announcement that it entered a two-year Cooperative Research and Development Agreement (CRADA) with the FBI to evaluate and determine the forensic capabilities of direct RNA sequencing using SeqLL’s True Single Molecule Sequencing (tSMS(R)) platform.

SeqLL was at $1.00, when we covered their news, and we stated that if broke through the $1.20-1.27 resistance level, on strong volume, it could try to challenge its 52-week high of $1.75. It not only blew through the $1.27 resistance, it blew through the $1.75 52-week high and topped out at $2.40, before closing at $1.54, up $1.0005 (+185.45%), volume of 106,134,639 shares traded.

After trading significantly lower the next two days, SeqLL is trading much higher in this morning’s premarket. It nearly took out its 52-week high earlier this morning, hitting $2.39 and is now at $1.87, up $1.13 (122.61%), on 6.9 million premarket shares traded.            

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