Jerry says that he keeps hearing that BOOM will be a $50+ stock soon and wanted my thoughts on it. I guess I’m also guilty of saying BOOM would hit $50 because I wrote that Wednesday morning when it bolted out of the gate at the opening bell. The enthusiasm faded that morning but the stock has done a good job of holding up, especially in Friday’s general market weakness.
It appears that 40 is becoming support so I’d keep an eye on that level. Depending on your risk tolerance and quickness you may want to watch for a breakout from the little flag pattern that BOOM’s been building for the last few days.
