Todays a breakout. Here's a quote from one of yesterdays articles; "Traders should now look for long-biased trades in DDD as long as it's trending above $44 or $45.63, and then once it sustains a move or close above $47.99 with volume that hits near or above 4.84 million shares. If that breakout triggers soon, then DDD will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that breakout are $55 to $60, or even $65." We got confirmation of this today. As long as we close above $48.11, we are in great shape. Closing above $48.11 is another "buy" signal. I'm amused how shorts are declaring victory, when last I checked, the bulls are in charge. Amazing.
While the stock did hit an all-time high today, 2 days does not qualify as a "sustained" move. 3D was also trading on short fuel and anticipation of strong xone numbers collaborating the entire sector, which did not happen, Lackluster ER, 5 machines sold and affirmation of guidance without an increase is not enough. Investors are going to take profits for hte rest of the week.
I don't know how to post the link. But if you go down to the news, it is from yesterdays article, Monday, May 13th, titled, "2 Stocks Surging on Unusual Volume" - by the Street. I pulled the quote directly from that article.