Thursday, September 29, 2016

Stratasys: Reason For A Potential Breakout?

After hitting new multi-year lows in February, Stratasys (SSYS) has slowly started trending up to where the stock might finally break the downtrend. One possible reason is this smooth robotic 3D printer that appears to be a game changer. Per the company:

Stratasys recently previewed its new Robotic Composite 3D Demonstrator at IMTS 2016. This game-changing additive manufacturing system combines Stratasys' advanced extrusion technologies with Siemens’ motion control hardware and PLM software. 



At nearly $24, the stock is on the verge for the first move above the 200 ema in over 2 years. With strong support around $20, investors have limited risk on the downside. 




Disclosure: No position. Please review the disclaimer page for more details. 



2 comments:

Pacioli said...

The last move above 200DMA was in April, and then the stock tanked from there.

This $25 area looks like a great entry point to short back down to $17.50 area.

Mark Holder said...

Pacioli,
doesn't look like the same short opportunity this time.