volume + price increase together
volume + price decrease together
That shows that demand supply i.e., the bulls are in charge here.
With expectations for faster growth comes a higher P/E and PEG. Risk is low around this earnings report because bulls aren't expecting a big earnings # from BIOL this Q. They are expecting a bullish outlook and I expect we will get one. Continue to watch the volume-price relationship. As long as they remain positively correlated, it will pay to be long!
Running up coming up to earnings on better volume is indeed bullish. The lot sizes are les bullish. They indicate individual investors, not institutions. I'm hoping you are right and the stock pops above $5/share.