Mish’s Daily: Turnaround Tuesday: 3-D Printing, Finally

1 month ago 118 views 4 min read

Michele “Mish” Schneider

Director of Trading and Education

MarketGauge.com

Mish’s Daily: Turnaround Tuesday: 3-D Printing, Finally

Written by Michele ‘Mish’ Schneider

An Israeli company, Stratasys Ltd., saw shares climb after the company raised its earnings outlook for the year and unexpectedly turned an adjusted profit in the third quarter.

I have waited for a very long time for companies who pioneer 3-D printing to begin to turn profits as they have spent massive amounts of money on research and development and have been way less concerned with shareholders’ profits.

Here is a list of some of the areas 3-D printing impacts

* Aerospace

* Automotive

* Consumer Products

* Dental

* Medical

* Education

* Art and Fashion

* Agriculture

* Applications

* Manufacturing

* Investment Casting

* Jigs and Fixtures

* Production Parts

* Rapid Prototyping

* Packaging

* Design

* Composite Tooling

* Dentures

Furthermore, SSYS has become the official 3D Printing Partner of NASCAR, which will now exclusively use Stratasys 3D printing technology for the design and production of parts and tools.

Today’s range traded inside yesterday’s trading range.

The price is above the 200-DMA and the July 6-month calendar range high.

The distance between the 50 and 200-DMAs narrows.

SSYS outperforms SPY.

Momentum is improving.

The risk is clear and the target over current levels brings this to around 13 for now.

Geoff and I did a podcast yesterday evening-SSYS is featured along with momentum stocks harder to trade right now.

Educational purposes only, not official trading advice.

For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.