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Is it Time to Dump BIOLASE Inc (BIOL) Stock After it Is Higher By 3.79% in a Week?

Tuesday, June 28, 2022 12:34 PM | InvestorsObserver Analysts
Is it Time to Dump BIOLASE Inc (BIOL) Stock After it Is Higher By 3.79% in a Week?

BIOLASE Inc (BIOL) stock is up 3.79% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
BIOLASE Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BIOL!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BIOL Stock Today?

BIOLASE Inc (BIOL) stock is trading at $4.66 as of 12:24 PM on Tuesday, Jun 28, a drop of -$0.49, or -9.61% from the previous closing price of $5.15. The stock has traded between $4.25 and $5.14 so far today. Volume today is high. So far 80,219 shares have traded compared to average volume of 39,897 shares. To see InvestorsObserver's Sentiment Score for BIOLASE Inc click here.

More About BIOLASE Inc

Biolase Inc is a US-based medical device company. It develops, manufactures, markets, and sells laser systems in dentistry and medicine. The company also markets, sells and distributes dental imaging equipment, including cone beam digital x-rays and CAD/CAM intraoral scanners. It offers two categories of laser system products: Waterlase (all-tissue) systems and Diode (soft-tissue) systems which allow dentists, periodontists, endodontists, oral surgeons, and other dental specialists to perform a broad range of minimally invasive dental procedures, including cosmetic, restorative, and complex surgical applications. The majority of the company's revenue comes from the United States. Click Here to get the full Stock Report for BIOLASE Inc stock.

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