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3D Systems Could Be a Bargain Hunter’s Dream

DDD is off 43% from its January high with solid long-term support below


3D Systems (DDD) — This stock has been on the Trade of the Day buy list since I recommended it on Aug. 12 under $47.50. On Jan. 30, I said DDD should be bought under $70 with a trading target of $80-plus. Then, on Feb. 21, after hitting my target, I said it would be prudent for those who purchased the stock to place a tight trailing stop at $78. That stop was triggered the next day.

S&P has a “four-star buy” rating on the stock with a price objective of $84. They project earnings of $0.79 per share in 2014 and $1.15 in 2015, saying, “We think annualized revenue growth of more than 30% in the next three years is achievable.”

This stock could be a bargain hunter’s dream. It has fallen 43% from its January high and has solid long-term support at below $55. Buy DDD at the market with a trading objective of $67. A stop-loss order should be placed at $45. Long-term investors may want to purchase it as a key holding in the fast-growing 3D printing market.

DDD Chart
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