Monday, December 21, 2015

3D Systems Corporation (NYSE:DDD)

3D Systems Corporation (NYSE:DDD) rose most of the week, closing the week above the 50-day moving average for the first time since October. The stock has posted an impressive four day rally and continues to garner investor interest. Daily technical indicators have turned bullish. MACD is negative but is about to cross over its zero line, while momentum indicators crossed their midlines to the upside, supporting further advances. The bullish volume trend suggests buyers are accumulating stock. It could initiate a sharp rally, back to $12. As long as the stock can remain above the rising 20-day EMA, I like the stock.

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