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Bearish Moving Average Cross by 3D Systems (DDD)

By Nick Russo

Today, shares of 3D Systems (NYSE:DDD) have crossed bearishly below their 10-day moving average of $13.51 on a volume of 974K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of 3D Systems have traded between a low of $6.00 and a high of $25.22 and are now at $13.13, which is 119% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 2.73% higher over the past week, respectively.

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 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses 3d systems

Ticker(s): DDD