3D Systems was a popular trading vehicle 7-10 years ago. It then slipped into a long decline -- before jolting back to life in January.
Now it’s pulled back and consolidated after that dramatic surge. A few chart patterns in particular stand out.
First, DDD is bouncing near its 200-day simple moving average (SMA). That’s a potential sign of the longer-term trend turning more bullish.
Next is the bullish outside candle on the weekly chart. Considering the long slide since February, that pattern is a potential bullish reversal pattern:
Third, notice the high-volume bullish gap on May 11 after a strong quarterly report. DDD’s 50-day SMA is bearing down from above, while its 8- and 21-day exponential moving averages (EMAs) are providing lift from below.
DDD could also be interesting fundamentally because 3-D printing has emerged as a new growth area from coronavirus. The industry is entering the mass market – especially as factories struggle with component shortages. This space could be worth watching, and DDD is the most actively traded member of the group.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Now it’s pulled back and consolidated after that dramatic surge. A few chart patterns in particular stand out.
First, DDD is bouncing near its 200-day simple moving average (SMA). That’s a potential sign of the longer-term trend turning more bullish.
Next is the bullish outside candle on the weekly chart. Considering the long slide since February, that pattern is a potential bullish reversal pattern:
Third, notice the high-volume bullish gap on May 11 after a strong quarterly report. DDD’s 50-day SMA is bearing down from above, while its 8- and 21-day exponential moving averages (EMAs) are providing lift from below.
DDD could also be interesting fundamentally because 3-D printing has emerged as a new growth area from coronavirus. The industry is entering the mass market – especially as factories struggle with component shortages. This space could be worth watching, and DDD is the most actively traded member of the group.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.