At this point we are midway between the resistance and support on a 30 min chart 90.04 to the upside and 84.56 to the downside. We will move to one of these platforms next (IMO). The key to moving up is to sustain the price increase through the normal 10 -11am sell down. If we hold 87+ we could have good shot at moving up to the 90 handle
From the indicators I use for swing trading (3 - 7 days) DDD is lined up to move up nicely from here. The "squeeze" is bullish on the PPO/ADX setup on the 30 and 60 min chart. With that said I would expect to see DDD get to at least the 82 resistance level if not past it in the next week. And yes I am putting my money where my mouth is, I bought calls yesterday at 73.78 and added more today at 77.60. I will be watching closely as it gets to the 82 area to see if it gets through. GL all in your trading/investing. (BTW I bought the March 75 calls)
I aqree, it held on the 15 day EMA at t6he bottom and came back to close at the 4 day EMA but not below it. This is a technically bullish sign and should see a rebound to at least the current top of the Bollinger band at 6.02/share. GL all
DDD has come up and touched this today and came back , it may hold this area (around 79) until the FED min come out. Then we find out if it goes to 50 day ema. The squeeze indicators are still strong to the upside so anything positive from the fed should do the trick.
It looks as though GALE has come back to meet it's 4 day EMA at 6.69 area. As long as this holds there is a good likelihood that it bounces and moves back above 7 soon. This pattern seems to happen a lot with stocks that get more than 5% above their 4 day EMA.
Sentiment: Strong Buy
I agree Depak, the fundamentals are the overall driver of this (and many) stocks. I like to watch the technicals for the short term corrections that allow me to add protection (puts) to protect my profits in my long position. No sense giving it back if I don't have too, but I also agree holding the long position for the long haul. I bought my shares at 35.50 and am not about to sell them anytime soon. DDD goes much higher in 2014. GL
Well, from my TA I see this stock climbing up to earnings on the 28th. Based on the daily squeeze that formed it should go to 82.50 area (next level of resistance) once past this level we should go to the mid 80's to 90 the day before earnings. As for what happens after earnings, no possible way of telling that. I have been long this stock since 35.50 in shares and have also played options up and for protection on the down side. GL
DDD is looking good this morning, should take a run at all time highs again this week. More portfolio managers will want this on the books for 2014 as more and more people become aware of the great technology that DDD has. GL all.
I agree with your take on the tax issues, I bought 2k shares at 35.50 and am not looking to pay capital gains just yet. But I also want to protect my profits, so I buy 20 contracts of at the money weekly puts when the indicators show a correction/reversal is imminent. I added an extra 10 contracts yesterday as the weakness looked to be sustained longer. With all that said I am from when I bought the puts at 95, and yesterday at 84. I am not stating this to brag at all, but hoping someone in a similar position might try this strategy to maintain profits while keeping cap gains at bay.
If you look at the daily chart it looks like a and handle formation has all but completed. Typically you will see a breakout the size of the cup. In this case approx. $5 from a low on the cup of 4.25 to a high around 9.25 If the pattern holds true we could see a nice run to $13 soon.
The old saying no matter how many times you say it's something that it's not won't change it....these shorts will never learn that lesson. DDD is not a good short candidate....move on to the hundreds that are. Makes no sense to me to pick on a paradigm shifting company for a short?? As well as being the leader in the class....Ride we shall
Really it is a matter of opinion and of perspective (glass half full vs half empty). Trading is really a zero sum game :
Definition of 'Zero-Sum Game'
A situation in which one participant's gains result only from another participant's equivalent losses. The net change in total wealth among participants is zero; the wealth is just shifted from one to another.
I choose to be long, as the fundamentals and technical look bullish to me. Others can see a correction in the charts eminent, some one has to be right. A prudent trader/investor will put on safety stops to protect on losing gains as well as limit losses. I think we are on the horizon of the year of 3D
Sentiment: Strong Buy
I will purchase cheap weekly puts to protect my position. If it goes don I am covered, if it goes up I am out the premium on the puts. Well worth it for peace of mind. Also with them pre announcing the shortfall earlier that should be baked into the stock price already. Restating the same info will not be a surprise shortfall.
Not a big deal is correct, while it stings after yesterdays huge day we are still net up on the combined two day totals....we will be back to 90 before year end. No doubt about it.
Sentiment: Strong Buy
I have also sold my option call positions to early and missed out on profits. It took a few lumps to simply buy them further out and put a loose stop on them. Much better results that way. My shares are staying long for the long haul. GL trading.