Harry Aloof
07-31-2007, 06:05 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
DYNAMIC MATERIALS CORP (BOOM-Nasdaq): Technical Viewpoint: From a low of $34.10 on Jun 8, 2007 prices rallied, reaching a high of $40.94 on Jul 25, 2007. A decline saw prices pull back, reaching a low of $38.08 on Jul 26, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $44.25. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 27, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 15, 2007. A P&F downside reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! DYNAMIC MATERIALS CORP (BOOM-Nasdaq) @ $44.88 Stop: Use a protective stop of $42.88. DYNAMIC MATERIALS CORP is currently trading @ $44.25 plus $5.04 on Jul 27, 2007.
Price Objective: $54.50
Risk/Reward: $2.00 VS. $9.62
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2171-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
DYNAMIC MATERIALS CORP (BOOM-Nasdaq): Technical Viewpoint: From a low of $34.10 on Jun 8, 2007 prices rallied, reaching a high of $40.94 on Jul 25, 2007. A decline saw prices pull back, reaching a low of $38.08 on Jul 26, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $44.25. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 27, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 15, 2007. A P&F downside reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! DYNAMIC MATERIALS CORP (BOOM-Nasdaq) @ $44.88 Stop: Use a protective stop of $42.88. DYNAMIC MATERIALS CORP is currently trading @ $44.25 plus $5.04 on Jul 27, 2007.
Price Objective: $54.50
Risk/Reward: $2.00 VS. $9.62
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2171-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)