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After Yesterday's Rally of 1.77% Shares Could Potentially Pullback

By James Quinn

3D Systems Corp (NYSE:DDD) traded in a range yesterday that spanned from a low of $20.82 to a high of $21.78. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $21.55 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, 3D Systems Corp share prices have been bracketed by a low of $7.92 and a high of $21.78 and are now at $21.08, 166% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.5% while the 50-day MA has advanced 2.5%.

SmarTrend recommended that subscribers consider buying shares of 3D Systems Corp on August 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.43. Since that recommendation, shares of 3D Systems Corp have risen 19.8%. We continue to monitor DDD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders 3d systems corp

Ticker(s): DDD