Don't Ignore This Chart!

BOOM breaks resistance with volume

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Dynamic Materials (BOOM) broke through resistance with a high volume surge over the last three days. In addition, the pattern from October to December looks like an inverse head-and-shoulders with neckline resistance around 21.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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