by Sam Collins | August 27, 2013 1:28 am
3D Systems (DDD) — I first recommended this stock on Aug. 12 at $47.23. DDD popped more than 7% when Citi analyst Kenneth Wong gave it a strong buy rating with a $60 price target, saying that the 3D printing market should more than triple in size over the next five years.
I think that readers should review this stock again and take both long-term and trading positions.
Technically, DDD broke from a compound top at $51 on high volume. The stock has a history of high-volume spurts of accumulation, but Monday’s breakout should attract more consistent accumulation, and thus move quickly to its trading target of $60.
Long-term buyers should expect a much higher return from this stock with its unique approach to marketing its technology.
Source URL: http://investorplace.com/2013/08/trade-of-the-day-3d-systems-ddd/
Short URL: http://invstplc.com/1bamBk3
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.