This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Has 3D Systems Reached the Bottom? And Has the Music Stopped For Pandora?

Stocks in this article: DDD P

NEW YORK (TheStreet) -- Good morning traders!

Today's top picks are 3D Systems  (DDD - Get Report) and Pandora (P - Get Report).

1.  First, let's look at 3D Systems. Through its subsidiaries, 3D Systems provides 3D printing design-to-manufacturing solutions in the U.S., the Asia-Pacific region, Germany and other European countries.

3D traded positive on Monday, up 5.01% to $50.50 per share.

  • Monday's range: 47.91 - 50.85
  • 52-week range: 39.55 - 97.28
  • Monday's volume: 3,927,305
  • 3-month average volume: 5,188,640

3D looks good technically, as it has formed a tiny double bottom over the last couple weeks. Yesterday it formed a bullish engulfing signal. This needs to be confirmed today with positive trading and a close above the 20-day simple moving average. This is one of those trades where we are trying to catch the bottom, which at times can be risky.

3D has been in a downtrend since Jan. 6. Shares are down a whopping 48%.

Ouch!

But 3D reported positive earnings on April 29 and has traded positively since.  I would use the moving averages as resistance levels. The next overhead resistance is the 34-day exponential moving average at $53.54, the 50-day simple moving average at $57.78, and then the 200-day simple moving average at $64.07.

I would use these levels as targets, with my ultimate target being the 200-day simple moving average. That would be a +26% upswing move. 

3D is in a solid downtrend, so be careful and set your stops appropriately. Stay long until you see a confirmed sell signal.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs