Stem Cell Leader (OTCBB CBAI) Cord Blood America Inc. Up 17% On Technical Breakout

CBAI  up 17% Technical Breakout above 50 Day Moving Average

Cord Blood America Inc. (CBAI.OB) Last .0047 up 17% on 48.8 million Shares Traded Midday

CBAI in a press release yesterday CBAI announced that it is the first cord blood stem cell storage company to become an alliance partner of AHIP (America’s Health Insurance Plans), a national association representing nearly 1,300 member companies providing health insurance coverage to more than 200 million Americans.

Technical Outlook: CBAI is coming off very oversold conditions.

Traders and Investors have their eye on the psychological .005 level for the week. A close above this level could spark another round of momentum buying.  CBAI opened up at .004 this morning hitting a high of .005 with the low of .004 establishing a trading range for the day.

CBAI has had a history of making nice runs over the years. Could this be another one?

About (CBAI) Cord Blood America Inc.

Cord Blood America, Inc., through its subsidiaries, provides private cord blood stem cell preservation services to families in the United States. The company also engages in collecting, processing, and preserving peripheral blood and adipose tissue stem cells, which allow individuals to privately preserve their stem cells for potential future use in stem cell therapy

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