Cord Blood America, Inc. (CBAI.OB) Share Prices Bounce Off 10-Day Moving Average – Up 5.26% Today
CBAI.OB share prices increased approximately 91% since the beginning of this month after the company announced strong performance and the acquisition of CureSource’s assets. Yesterday, the shares bounced off the 10-Day moving average and are now continuing the bullish trend. In the press release announcing the strong financial performance, Matthew Schissler CEO of Cord Blood America, stated, “There were many positives in the first half of 2007 and a most important key indicator of this is gross profit, which increased from 21% of revenues to 34%. Economies of scale, especially for the Company’s Cord Blood division, started to positively impact…