Long Position on DDD @ $36.00 on 4/11/2013 (Momentum)

3D Systems Corporation (DDD) develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers.

The company’s primary print engines comprise stereolithography, selective laser sintering, multi-jet modeling, film transfer imaging, selective laser melting, and plastic jet printers, as well as ZPrinters. Its 3D printers convert data input from computer aided design (CAD) software or 3D scanning and sculpting devices to produce physical objects from engineered plastic, metal, and composite print materials.

The company also provides its customers with 3D authoring tools for digital imaging and design; blends, markets, sells, and distributes various consumables, engineered plastics, nylon and metal materials, and composites; and offers various software tools, as well as pre-sale and post-sale services, including applications development, installation, warranty, and maintenance. In addition, it provides custom parts services, such as precision plastic and metal parts capabilities, as wells X-ray digitizing scanners for medical and mechanical applications.  It primarily serves manufacturers of automotive, aerospace, computer, electronic, defense, education, consumer, energy and healthcare products, as well as original equipment manufacturers, government agencies, universities, and independent service bureaus.

Shares have formed a bullish "double bottom" and are back to their upward trend line. Higher share prices are expected for this stock. Please wait before opening a position this morning. There should be a pullback in shares before heading higher.

52-Week Trading Range:  $15.40 - $47.99

Entry Point:  $36.00

Stop Loss:  $34.20

Target Price:  $39.60

Updates

4/15/2013 12:30:22 PM

We lost DDD to the downside. Position was closed at $34.00. We still like this company.

Position closed on 4/15/2013 at price of $34.00 with a -5.56% loss in 4 days.

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