SSYS break up of descending channel
This 3D printing stock was very hot during 2012 and 2013 but lost its luster in 2014 as investors are looking for major cap companies who pay high dividends. Even the leader 3D Systems pulled back 50% from its highs which tells us that price is very unstable and speculative in this revolutional sector.
Stock broke up descending channel at $90-$92 with ignited bull candle and regained some moving averages. I like idea playing cautch up here. Stop for active swing traders could be below $92. Entry above previous high at $95.85 with target at $105 where 200EMA sits.
Stock broke up descending channel at $90-$92 with ignited bull candle and regained some moving averages. I like idea playing cautch up here. Stop for active swing traders could be below $92. Entry above previous high at $95.85 with target at $105 where 200EMA sits.
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