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BIOLASE, Inc. Message Board

  • simonig simonig Oct 11, 2012 5:04 PM Flag

    Strong and steady buying all day long with steady progress!

    The buying was strong and steady all day long and it finished the day at the high on high volume. We may be getting some play from institutional investors. If institutional interest develops, there are so few shares available that BIOL will rise quickly. Technically, we have had the breakout above the uptrend channel followed by a reversal to the upper line of the same channel and today the bounce up on high volume off the upper line of the uptrend channel. BIOL should now begin its assault on the 200 day moving average which today stands at $2.31. We should get some play around this level.

    Sentiment: Strong Buy

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1.08+0.08(+8.00%)Jul 22 4:00 PMEDT