Stratasys’ Sell-off Could Create a Huge Profit Opportunity

Traders and investors alike might benefit from the correction in SSYS

   
Stratasys’ Sell-off Could Create a Huge Profit Opportunity

Stratasys (SSYS) — This maker of three-dimensional printers and 3D production systems for office-based rapid prototyping has only one competitor, 3D Systems (DDD). I’ve recommended both stocks several times this year, saying, “While 3D Systems has a slight edge in marketing, Stratasys has a greater geographic footprint, and both companies should prosper.”

Analysts’ consensus estimate for SSYS is for earnings of $1.86 per share in 2013, up from $1.49 in 2012, and $2.37 in 2014. They have a mean target of about $133.

On Monday, the stock popped to a new high at $134, but profit-taking on Tuesday took a big chunk from its advance. SSYS fell almost 9%, and its MACD flashed a short-term sell signal. 

Traders and investors alike might benefit from this correction. Try to buy SSYS at its 50-day moving average at about $108. The trading target is $130, but long-term investors could hold for potentially much greater gains.

11 20 13 ssys 300x195 Stratasys Sell off Could Create a Huge Profit Opportunity
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chart key 300x84 Stratasys Sell off Could Create a Huge Profit Opportunity


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/trade-day-stratasys-ssys-2/.

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