• Return to Headlines

Dynamic Materials (BOOM) Reaches Initial Resistance Level, Watch for 0.14% Potential Upside Continuation

Written on Tue, 07/27/2010 - 2:05pm
By Chip Brian

SmarTrend has detected shares of Dynamic Materials (NASDAQ:BOOM) have bullishly opened above the pivot of $16.59 today and have reached the first resistance level of $16.76.
We are watching for a cross of the next upside pivot targets of $16.85 and $17.11. Also, the shares are currently trading above the 50-day moving average of $16.00 and should find resistance at the 200-day moving average of $17.82.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Dynamic Materials on June 15, 2010 at $16.71. Since the call, the stock has risen 0.7%.

Keywords: dynamic materials pivot points

Ticker(s): BOOM

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.