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3D Systems Corporation Message Board

  • depakchopra depakchopra May 14, 2013 3:34 PM Flag

    Weak Hands Shaken Out, Momentum Traders Moving In...

    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.

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DDD
16.04+0.01(+0.06%)Aug 26 4:01 PMEDT