3D Systems Corp (DDD)

[Realizer]

200-day MA is holding up as of now.

The 200-day is at 29.96 on the 18th the pps dropped below the 200-day and immediatley bounced back to rally up $6. We are at that point again. Today the pps dropped to just above the 29.96 level to 30.12 and rebounded nicely. looks to be setting up to a similar bounce to the $6 we seen from 27.88 to 33.88. However the overall trend is lower since the high of 47.88 on the 23rd.

This is a swing trade and should not be held without confirmation of longer term upward trend. Which would be signified through the move of pps above the 50-day at 36.55 today.

watching the next few days of trading for confirmation and will be entering with a tight stop.


BTW first post here I like DDD long-term but even more for swing trades. At this point the bears are in control when the pps signifies a change in the sentiment I will be putting on a longer term position.