Technical Analysis of Quidel Corporation

Quidel Corporation is a leading provider of diagnostic testing solutions, specializing in rapid diagnostic tests for various infectious diseases and other medical conditions. Their products are widely used in healthcare settings, including hospitals, clinics, and laboratories.

The recent technical analysis of Quidel Corporation indicates that the stock has experienced a significant gap down and has broken below a key level of support near $66. This suggests a bearish trend for the stock, with potential downside momentum.

The breach of the key support level near $66 is a significant development, indicating a shift in investor sentiment and potential selling pressure. Traders and investors should closely monitor the price action of Quidel Corporation, paying attention to any further downside movements or potential support levels.