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Dmc Global Inc: 52-Week High Recently Eclipsed (BOOM)

By James Quinn

Shares of Dmc Global Inc (NASDAQ:BOOM) traded today at $69.03, breaking its 52-week high. So far today approximately 222,000 shares have been exchanged, as compared to an average 30-day volume of 155,000 shares.

Dmc Global Inc (NASDAQ:BOOM) defies analysts with a current price ($69.03) 51.5% above its average consensus price target of $33.50. Dmc Global Inc shares have support at the 50-day moving average (MA) of $46.55 and additional support at the 200-day MA of $40.95.

DMC Global Inc. engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics.

In the past 52 weeks, Dmc Global Inc share prices have been bracketed by a low of $25.75 and a high of $69.03 and are now at $69.03, 168% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 6.9% while the 200-day MA has risen 1.2%.

SmarTrend recommended that subscribers consider buying shares of Dmc Global Inc on February 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.36. Since that recommendation, shares of Dmc Global Inc have risen 43.3%. We continue to monitor BOOM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dmc global inc

Ticker(s): BOOM