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12:44 pm
June 20, 2012
OfflineCurrent Daily Chart:
Sequans Communications S.A. (NYSE: SQNS) is a 4G chipmaker, supplying LTE and WiMAX chips to original equipment manufacturers and original design manufacturers worldwide. Founded in 2003 to address the WiMAX market, the company expanded in early 2009 to address the LTE market. Today, Sequans' technology is operating in WiMAX and LTE networks around the world. Sequans is based in Paris, France with additional offices in United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China. http://www.sequans.com; Twitter: http://www.twitter.com/sequans; Facebook: http://www.facebook.com/sequans.
CONTACT:
Sequans Communications S.A. Media Relations: Kimberly Tassin, +1-425-736-0569 Kimberly@sequans.com or Investor Relations: Claudia Gatlin, +1-212-830-9080 Claudia@sequans.com
12:50 pm
June 20, 2012
OfflineJust a week or two ago SQNS was plummeting and looked like it was heading for some heavy downtrending, but this week it's effectively reversed that downward momentum and is now pushing on the price ceiling from the past 2+ months. You can see that both the price and RSI are putting pressure on their respective resistances, and I'm thinking the bulls could really start to do some flexing if they get the price back above this 1.80 resistance.
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