I’m not entirely sure why, given the market environment we’re in, but Bio-Matrix (BMSN) shares seem to be working on a recovery. They’ve popped back above their 200 day moving average line again, with some pretty good volume behind the effort. Better still, they’ve done so without the benefit of any major news… and certainly in the face of a marketwide headwind.

Maybe it’s something, or maybe it’s nothing. I just find it odd (in a good way) that this bulletin board stock pick of all the small and micro caps we’ve looked at is the one that’s perking up. I have to wonder if there’s something going on that we’ve not heard about yet. I know real revenues and another license - the big tissue bank one - are pending. However, I’m not sure the promise of either is responsible for this rebound move. I like the push, but the volume is really intriguing.

In any case, it is what it is - who said the market had to be rational, particularly when it comes to trading small cap stocks? BMSN is pushing upward. Maybe there’s a trade in there.

For your convenience, I’ve added in the Fibonacci lines. We’re slightly above the 38.2% retracement line with today’s effort.

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