AvaLoN
Long

3D Systems is about to soar

BATS:DDD   3-D SYS CORP DEL
71 1 0
Here is a daily chart of 3D Systems $DDD and it's 100 day Moving Average that appears to form its support line.
As we can clearly see historically, once the chart touches MA, it soars month after. I'm not a clairvoyant, neither I'm Warren Buffet, but can easily say that it looks extremely bullish as 3D Systems has recently bounced against its 100 EMA in upper direction that mean nothing else but extremely bullish sign.
Good eye, thanks for posting! I don't blame you one bit for playing long against the 100 EMA! I must qualify this post by sharing I am short DDD, so take this with a grain of salt only. Today's daily candle was not a pretty one in my book. That said, it did catch a bid after hours back up to around $80, so maybe I fell for a fakey pin bar (it happens...). I've got stops placed above $85 on a daily close and could see DDD come close to that before a theoretical reversal could take the name into the high $40s from current levels. "That's what makes a market!"
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