Today’s Research Reports on Trending Tickers: Cree and 3D Systems
NEW YORK, NY / ACCESSWIRE / March 15, 2018 / U.S. markets' slide extended on Wednesday as concerns over a potential trade war with China continues to grow. The Dow Jones Industrial Average dropped 1.00 percent to close at 24,758.12, while the S&P 500 Index fell 0.57 percent to close at 2,749.48. The Nasdaq Composite Index declined 0.19 percent to close at 7,496.81. President Trump has announced that he plans to use tariffs to cut the U.S. trade deficit with China by $100 billion.
"There are already fears of policy mistakes and trade protectionism, and when you layer in White House uncertainty those fears grow," said Art Hogan, chief market strategist at Wunderlich Securities, according to MarketWatch. "Will the new people be more protectionist? Right now the economy and earnings are solid, but are we going to make a trade or policy mistake that could slow earnings or lead into a recession that will turn this market over?"
RDI Initiates Coverage on:
Cree, Inc.
https://rdinvesting.com/news/?ticker=CREE
3D Systems Corporation
https://rdinvesting.com/news/?ticker=DDD
Cree's stock edged 0.76% higher Wednesday, to close the day at $42.49. The stock recorded a trading volume of 1,249,366 shares, which was below its three months average volume of 1,505,318 shares. In the last year, Cree's shares have traded in a range of 20.50 - 43.23. The share price has gained 107.27% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $36.60 is greater than its 200-day moving average of $33.61. Shares of Cree have gained roughly 18.06 percent in the past month and are up 14.4 percent year-to-date.
Access RDI's Cree, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CREE
On Wednesday, shares of 3D Systems recorded a trading volume of 4,386,118 shares, which was above the three months average volume of 2,999,855 shares. The stock ended the day 1.08% higher at 12.15. The share price has gained 53.41% from its 52 week low with a 52 week trading range of 7.92 - 23.70. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $10.57 is below its 200-day moving average of $10.84. Shares of 3D Systems have gained roughly 19.7 percent in the past month and are up 40.62 percent year-to-date.
Access RDI’s 3D Systems Corporation Research Report at:
https://rdinvesting.com/news/?ticker=DDD
Our Actionable Research on Cree, Inc. (NASDAQ:CREE) and 3D Systems Corporation (NYSE:DDD) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
