Traders Should Move Quickly on 3D Systems

by Sam Collins | August 27, 2013 1:28 am

3D Systems (DDD[1]) — I first recommended this stock on Aug. 12[2] 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[3] 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.

DDD Chart
Click to Enlarge

Chart Key[4]

Endnotes:

  1. DDD: http://studio-5.financialcontent.com/investplace/quote?Symbol=DDD
  2. on Aug. 12: https://investorplace.com/2013/08/trade-of-the-day-3d-systems-corp-ddd/
  3. review this stock again: https://investorplace.com/2013/08/trade-of-the-day-3d-systems-corp-ddd/
  4. [Image]: https://investorplace.com/wp-content/uploads/2013/05/chart-key.gif

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