Cord Blood America, Inc. (CBAI)  is one of those trendy picks that has been all over the penny stock landscape.  From “this is the next great stock” to “what a bunch of pump and dumpers”, volatility has been its middle name.  Just in the last three months, the stock has seen its share price fluctuate between 5 cents and 3/10 of a cent.  Right now, CBAI is at the lower end of that range and could be on its way back up.

The news is mostly good and the chart is finally looking better.  See for yourself.

Stochastic and RSI in an uptrend, MACD is positive and approaching the zero line.  I look at this chart and see an bullish pattern developing.  Volume is still HUGE and the boards that I monitor are becoming bullish.

Don’t look at their financials….they will depress you.  They do have earnings, but no profits.  They have a balance sheet, but it is not pretty.  However, they continue to move forward on constructing their Vegas facility, retire debt and keep the “doors open”….how they are doing it I can’t tell.

Play the wave with CBAI.  And, I think that wave is coming back.