DMC Global BOOM stock price is up 12% in the last 5 days & volume is down -25%, but will this stock go higher?
My last report I said, “The technical analysis “chart reading”, it is bearish and I don’t like it at all. STAY away!” and I was right, it fell another 13%!
There is an old adage, “two heads are better than one”, so let’s collaborate on BOOM and compare notes.
In this in depth report, I look at 5 KPIs: Technical Analysis, Volume, News Cycle, Fundamentals & awareness campaigns. I believe the stock market is not gambling, it is also not fool proof, but I have developed a dependable system. I have found some critical components to success for BOOM, tell me what you think.
Before we get started, I like being methodical and easy to understand so I have developed a ranking system for my stocks. I call it, Alexander Goldman’s “HOT Stock Ranking!”
The official heat level for BOOM is, a 🔥🔥🔥 3 out of 4
Before I get ahead of myself and just jump right into this exciting breakout stock, I wanted to introduce myself.
Hello 🙋♂️ My name is Alexander Goldman. I have been trading small cap stocks, breakout stocks and trending stocks for 20 years now. I’m accredited for establishing the coveted HOT Stock Reporting system for breakout stocks.
To find out more about my story, CLICK HERE
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DMC Global Company Information
Company Name: DMC Global Inc.
Ticker: BOOM
Exchange: OTC
Website: https://www.dmcglobal.com/
DMC Global Company Summary:
DMC Global, Inc. is a holding company, which engages in the provision of technical products and services in the energy, industrial, and infrastructure markets. It operates through the following segments: NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for the construction of corrosion resistant industrial processing equipment and specialized transition joints. The DynaEnergetics segment designs, manufactures, and distributes products utilized by the global oil and gas industry principally for the perforation of oil and gas wells. The company was founded in 1965 and is headquartered in Broomfield, CO.
BOOM stock price is due to News?
May 5th
- First quarter sales were $138.7 million
- Excluding the acquisition of Arcadia, first quarter sales were $70.7 million, down 2% sequentially and up 27% versus Q1 2021
- First quarter gross margin improved to 27% from 18% in Q4 2021 and 23% in Q1 2021
- First quarter net loss attributable to DMC was $3.3 million
Trending Stock BOOM 5 Day Chart
BOOM Stock Price HOT Stock Grade:
The official heat level for BOOM is, a 🔥3out of 4 . Here are my takeaways on it and why it is just a 3 out of 4. Do you agree?
BOOM Trading Volume
The volume, is trading at a reduction of -25% over the average which indicates a higher demand in the stock.
Trading 101: volume is measured in the number of shares traded. Traders look to volume to determine liquidity and combine changes in volume with technical indicators to make trading decisions. So, let’s take a look at the technical indicators.
BOOM Technicals
The technical analysis “chart reading”, it is looking good, much better than my last report! !
Trading 101: Technical indicators are technical tools that help in analyzing the movement in the stock prices whether the ongoing trend is going to continue or reverse. It helps the traders to make entry and exit decisions of a particular stock. Technical indicators can be leading or lagging indicators.
BOOM News Cycle
The news, there is significant news in regards to the financial progress the company has seen.
BOOM Fundamentals
The fundamentals, there is exciting financial filings associated with this stock, “269% growth”!
Trading 101: Fundamental trading is a method where a trader focuses on company-specific events to determine which stock to buy and when to buy it. Trading on fundamentals is more closely associated with a buy-and-hold strategy rather than short-term trading.
BOOM Awareness
Marketing efforts “Awareness Campaigns”, I have not found marketing efforts around the investor awareness of this company. Hence the 3 out of 4. Do you agree? Write me a line at [email protected]
Again, two heads are better than one, let’s work together to have the best trading year of our lives!
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