Sunday, July 02, 2006

Mailbag - Any thoughts on Dynamic Materials Corp. - NASDAQ (BOOM)

I was an avid trader of BOOM during its rise from $7.00 to $20.00 in early 2005. BOOM is still on my 100 favorites list, but I don't trade it as often as I used to. The most recent chart action has been relatively bullish since it held bullish gap support in late May. Resistance in the $34-$36 area is just over head.

Click on chart for larger view.

BOOM is covered extensively and thoroughly by blogger Downtown Trader. Click here for DT's most recent take on BOOM.

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