This suggests that investors may better off exiting this stock before it falls back to Earth. NEWS REPORT
Stratasys Ltd. (SSYS) Snapshot Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because SSYS is now in overbought territory with an RSI value of 80.51. Furthermore, estimates for the Stratasys have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.
I'm thinking metrics are pretty useless here. This is a leading stock in an extremely hyped industry with an incredible amount of room to grow. People want in and the volume is indicative of that. A bubble will form, but we have another $100 or $200 upwards to go until that happens. There's still plenty of money to be made and it's a prime time to buy, ESPECIALLY having surpassed the $100 roof.