Tighten Up Your Stop-Loss on 3D Systems

by Sam Collins | February 21, 2014 1:32 am

Tighten Up Your Stop-Loss on 3D Systems

3D Systems (DDD[1]) — This stock has been on the Trade of the Day buy list since I recommended it on Aug. 12[2] under $47.50. I remained bullish with recommendations on Aug. 27[3], Oct. 10[4] and Nov. 8[5].

On Jan. 30[6], I recommended that DDD be bought under $70 with a trading target of $80-plus. However, since my last review, analysts have either reduced earnings estimates or they are now under review at many firms.

The stock fell sharply on Feb. 5, triggering my buy under and hitting a low below $55. It has since made up those losses and exceeded my target on Thursday.

It is now prudent for those who purchased the stock to place a tight trailing stop at $78. It is likely DDD will run into selling at its 50-day moving average at $84.

02 21 14 ddd 300x190 Tighten Up Your Stop Loss on 3D Systems
Click to Enlarge

chart key 300x84 Tighten Up Your Stop Loss on 3D Systems[7]

Endnotes:
  1. DDD: http://studio-5.financialcontent.com/investplace/quote?Symbol=DDD
  2. on Aug. 12: http://investorplace.com/2013/08/trade-of-the-day-3d-systems-corp-ddd/
  3. Aug. 27: http://investorplace.com/2013/08/trade-of-the-day-3d-systems-ddd/
  4. Oct. 10: http://investorplace.com/2013/10/trade-day-3d-systems-ddd/
  5. Nov. 8: http://investorplace.com/2013/11/ddd-3d-systems/
  6. On Jan. 30: http://investorplace.com/2013/10/trade-day-3d-systems-ddd/
  7. [Image]: http://investorplace.com/wp-content/uploads/2013/05/chart-key.gif

Source URL: http://investorplace.com/2014/02/trade-day-3d-systems-ddd-5/
Short URL: http://invstplc.com/1briimC