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.
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