Traders Could See This Innovative Stock Double in a Year: SSYS

Imagine the ability to print human tissue to help cure disease. Or being able to create your own 3D toy figurines right at home. These are becoming real-life possibilities, thanks to the advent of 3D printing technology.
3D printers are machines that use special plastic-like materials to literally print, or create, small hand-held objects. The printer works by inking out tiny strips of plastic that are deposited on top of each other. The plastic strips fuse during the printing process, creating a hard, durable final product, shaped and sized to your specifications.
With the ability to create objects ranging from medical marvels to toy trinkets, 3D printing is becoming increasingly popular. And so are 3D printing stocks.
Currently, there are four publicly traded stocks in the professional 3D printing industry: 3D systems (NYSE: DDD), Proto Labs (NYSE: PRLB), the newly public ExOne (NASDAQ: XONE), and my favorite, Stratasys (NASDAQ: SSYS).
What makes Stratasys stand out from its competitors -- in addition to a highly bullish chart and strong fundamentals -- is its focus on large-scale industrial clients, rather than small-scale consumers. The company also offers the largest range of 3D printing materials in the industry, holds over 500 patents, and has received more than 20 awards for its innovative technology.
From a technical perspective, the stock appears strong. Shares are on a major uptrend and are up more than five-fold from their October 2011 low, near $18, to a recently hit all-time high, near $92.

At present, the stock has slightly pulled back off this high, presenting a potentially profitable buying opportunity for traders. Support lies around $73.32. Overhead resistance is at $92.30. If the stock can break $92.30, no historical resistance would be in sight and shares could soar. (more)

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