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

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

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

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.

10 15 13 ssys 300x197 Buy This 3D Printing Stock on a Pullback to Its Major Support Line
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chart key 300x84 Buy This 3D Printing Stock on a Pullback to Its Major Support Line[5]

Endnotes:
  1. SSYS: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSYS
  2. DDD: http://studio-5.financialcontent.com/investplace/quote?Symbol=DDD
  3. I covered on Aug. 27: http://investorplace.com/2013/08/trade-of-the-day-3d-systems-ddd/
  4. On Sept. 16: http://investorplace.com/2013/09/trade-of-the-day-stratasys-ssys/
  5. [Image]: http://investorplace.com/wp-content/uploads/2013/05/chart-key.gif

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