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3D Systems(DDD - Get Report) manufactures & sells 3D content-to-print solutions and 3D printing systems. This stock closed up 4% at $65.59 on Wednesday.
Wednesday's Volume: 4.43 million
Average Volume: 2.63 million
Volume % Change: 100%
From a technical perspective, DDD ripped higher here right off some near-term support at $62.26 with above-average volume. This move is quickly pushing shares of DDD within range of triggering a near-term breakout trade. That trade will hit if DDD manages to take out some near-term overhead resistance at $68.44 with high volume.
Traders should now look for long-biased trades in DDD as long as it's trending above $63 to $62.26, and then once it sustains a move or close above $68.44 with volume that hits near or above 2.63 million shares. If that breakout triggers soon, then DDD will set up to re-test or possibly take out its next major overhead resistance levels at $70 to $71.98.
Any high-volume move above $71.98 will then push shares of DDD into new 52-week-high and all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $75 to $80 in the near future.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.