The volume is good and high. It pulled back over the last several days to touch the upper line of the uptrend channel and today it "kissed it goodbye". As Russ Hodges used to call Willie Mays' home runs--"And you can tell it Bye Bye Baby!"
I was going to jump in at 2.07 - 2.08 when a surge of 100 shares Buying and price started climbing! Probably just 1 or 2 bigTime traders played this run to 2.30
It will come back down to earth towards the closing! watch!
IMHO This is only the beginning. The fundamentals of BIOL are right. They have a unique, patent protected product line and are in the process of building the sales channel. When the big institutional investors figure this out and notice the potential, we may have another Intuitive Sugical (ISRG) on our hands. Go check out what happened to ISRG and the time frame after it got it's act together.
PS: BIOL has less than 31.3 million shares outstanding. When the institutions jump in, it can go up very quickly.