3D Systems Bullish Moving Average Crossover Alert (DDD)
3D Systems (NYSE:DDD) crossed over its 10-day moving average of $13.13 on a volume of 3.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, 3D Systems share prices have been bracketed by a low of $6.00 and a high of $25.22 and are now at $13.72, 129% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.7% while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of 3D Systems on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $14.81. Since that call, shares of 3D Systems have fallen 17.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses 3d systems