Its 3D printers convert data input from computer aided design (CAD) software or 3D scanning and sculpting devices to produce physical objects from engineered plastic, metal, and composite print materials. The company also provides its customers with 3D authoring tools for digital imaging and design; blends, markets, sells, and distributes various consumables, engineered plastics, nylon and metal materials, and composites; and offers various software tools, as well as pre-sale and post-sale services, including applications development, installation, warranty, and maintenance.
Please take a look at the 1-year chart of DDD (3D Systems Corporation) below with my added notations:
After finally breaking through the $50 level at the end of August, DDD almost doubled to $98 in January. Since then, the stock has pulled back to support at $85, which was also the November high. A break below $85 will most likely lead to significantly more selling, while if that level holds, the stock should run to new 52-week highs.
The Tale of the Tape: DDD has a key level of support at $85. A long trade could be made at that level with a stop placed below. However, if the stock were to break that level traders might want to look to get short on the stock.
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