Buy This 3D Printing Stock on a Pullback to Its Major Support Line

by Sam Collins | October 15, 2013 1:21 am

Stratasys (SSYS[1]) — This maker of three-dimensional printers and 3D production systems for office-based rapid prototyping has only one competitor, 3D Systems (DDD[2]), which I covered on Aug. 27[3]. Stratasys’ merger with Objet Geometries took out the other major player in this industry. And the merger, it is reasoned by analysts, created a worldwide leader in 3D printing.

On Sept. 16[4], with SSYS at about $93.50 I said, “While 3D Systems has a slight edge in marketing, Stratasys has a greater geographic footprint, and both companies should prosper. SSYS is expected to earn $1.86 per share this year and $2.54 in 2014. Analysts’ mean target is $112.”

SSYS that could pull back to its major support line and should be bought under $95 with a trading target of $110. The stock can also be held for long-term appreciation.

SSYS Chart
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Chart Key[5]

  1. SSYS:
  2. DDD:
  3. I covered on Aug. 27:
  4. On Sept. 16:
  5. [Image]:

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