Stratasys, Ltd. (NASDAQ: SSYS)

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Its AM systems utilize its patented fused deposition modeling and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from three-dimensional (3D) CAD files or other 3D content.
Take a look at the 1-year chart of Stratasys (NASDAQ: SSYS) with the added notations:

SSYS has been in a solid downtrend for the past year. However, the stock has been trading sideways on top of a $25 support (green) during the most recent three months. Now that the stock appears to be testing that support level again, traders should be able to expect some sort of bounce. However, if the $25 support were to break, lower prices should follow.

The Tale of the Tape: SSYS has a key level of support at $25. A trader could enter a long position at $25 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.