clevernamegoeshere
Short

DDD Short on head and shoulders

NYSE:DDD   3D SYSTEMS CORP
62 2 0
We've got a very clear head-and-shoulders pattern on the 1d chart for DD             , starting last October and culminating this month. As with TWTR             , our pattern is reaching its resolution in coordination with earnings .

There is a very small chance that we could have a pop off the 41.05 line if we look at the leg down as a falling wedge , but the head-and-shoulders distribution pattern outweighs what would be a very sharp possible accumulation pattern.

44             .42 is an estimated support line based on the accumulation period from May-July '13 and the hammer on 2013-08-07. The major breakdown level will be at 41.05, with no significant support to hold us up until 36.05, with a possible bottom at ~32.
That would work if we moved the neckline up to the breakout at ~56 and consider the stock headed back to test that level. It's possible, especially if DDD meets or beats the decidedly low Wall Street earnings expectations.
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