BioNano Genomics (BNGO) Consolidates After The Big Rally: A Bullish Sign?

The BioNano Genomics Inc (NASDAQ: BINGO) stock has been one of the major gainers over the course of the past month or so and in recent times the stock has been consolidating its position.

Across the past month, the stock has rallied by almost 100%, and considering the sort of gains made by Bionano, it might be a good idea for investors to start tracking it. In recent times, the number of genetic disorders has been on the rise and a stock that could be a viable play in that regard is Bionano.

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The company is working on a class of products known as cytogenetics and currently, there is considerable excitement among investors with regards to this particular class of medicines. Many believe that cytogenetics could well prove to be the spark that brings about a revolution in medical solutions. Hence, it could be a good move for investors to add the Bionano stock to their watch lists.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.