3-D Printing Stocks: Blown Their Load, Run Out Of Ink
The 3-D printing stocks have been all the rage over the last few months. This new, exciting innovation seems to be where retail investors are flocking over the last few months. That should be a huge warning itself. 3D Systems Corporation (NYSE:DDD) is trading at $70.21, +4.39 (6.67%). From the 2012 lows, the stock is now up a whopping 370%. Another 3-D printing stock is Stratasys, Ltd. (NASDAQ:SSYS). This stock has run over 200% from its 2012 lows. Both of these plays are at 52 week highs and chatter on message boards has reached an all time high. Message boards are online piker forums and should be taken as a contrary indicator.
Considering the extended new all time high moves, the increase in volume (distribution), and the message board hype, these stocks should see a pull back shortly. On DDD, a short level could be seen as $75.00, if hit by tomorrow. Cheers!