BIOLASE Technology Jumps 14%

Shares of BIOLASE Technology

are jumping higher today; currently, shares are up by 14.37%, trading at $3.98. The stock has been meandering lower after a small gap higher, but has found an influx of buy volume within the past 30 minutes. BIOLASE Technology has been trading lower for the past three months and was (still is) vastly oversold. Given the 28.72% short interest, you can expect this move to see some follow through. Shares could easily test $4.50 in the next week or so; if they hold the level, $5.45 could be in play as well. BIOLASE Technology Inc. is a medical technology company. The company designs, manufactures and markets dental, cosmetic and surgical lasers and related products.