Dynamic Materials Corp. (BOOM) All Set For A Major Correction

Dynamic Materials Corp. (NASDAQ: BOOM) slipped sharply on Friday after the explosion-welded clad metal plates producer turned in a Q4 earnings well below the analysts’ expectations. Dynamic Materials Corp. (BOOM) slipped 14.27% in Friday’s session itself.

Dynamic Materials Corp. (BOOM) breached below its 20 day MA, 50 day MA and 200 day MA in the same session with high volumes, confirming further weakness which is likely to follow in the stock in the days ahead. It is advisable for traders holding Dynamic Materials Corp. (BOOM) stock to sell them off immediately, till it manages to revert from its immediate lower support level of around $15.50.