3D Systems

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

3D Systems ( DDD) 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.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

If you liked this article you might like

3D Systems Stock Rising on JPMorgan Upgrade

Closing Bell: Another Record for Dow Stretches Streak Into Day Seven; Avon Tumbles

Some of Today's Worst Performing Stocks: Teva, Cheesecake Factory, 3D Systems