3-D printing stocks were real winners in 2013. My Dad got in on DDD at 49 last year and ended up selling out at 89, taking nearly a 100% gain. Not too shabby considering he sat out of the market the entire year, except for that one play.
We have all heard about the capabilities 3-D printing has to offer: McDonalds wants to buy a printer to give kids any kind action figure toys they choose with their happy meals. Car companies use them to print spare parts, Boeing (BA) uses them to build cockpit doors, hospitals use them to print kidneys, and some people use them to even print guns. The possiblities are endless.
However, DDD plunged today on lowered guidance for the year. It originally was off 25% to now being down only 15%. The 200 day mavg was takin out, which is decidedly bearish. But, with this comeback we are seeing in DDD today already, it is not unrealistic to think that it could hammer on the 200 day. If it does, this is a buying opportunity. Keep the stop-loss in below the 200 and days lows (54.63). Regards.
