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Re: None

Wednesday, 05/14/2014 8:08:15 AM

Wednesday, May 14, 2014 8:08:15 AM

Post# of 1107
SQNS breakout?: "From a technical perspective, SQNS spiked sharply higher here right off some near-term support at $1.60 with decent upside volume. This spike higher on Tuesday is quickly pushing shares of SQNS within range of triggering a near-term breakout trade. That trade will hit if SQNS manages to take out Tuesday's intraday high of $1.70 to some more near-term overhead resistance levels at $1.75 to $1.80 with high volume.

Traders should now look for long-biased trades in SQNS as long as it's trending above support at $1.60 or above its 52-week low at $1.42 and then once it sustains a move or close above those breakout levels with volume that hits near or above 280,934 shares. If that breakout materializes soon, then SQNS will set up to re-test or possibly take out its next major overhead resistance levels at $2 to its 200-day moving average at $2.31".

http://www.thestreet.com/story/12707767/2/4-stocks-under-10-to-trade-for-breakouts.html

Rayank

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