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Many feel 3D printing will become an important technology of the future. This belief drove 3D systems from $2 a shared to $100 in just 5 years (2009 to 2014). Since the first of this year, DDD has declined almost 60% in value.
Recently Premium Members picked up DDD on what looked like potential support, after the stock fell 30% in the past 60 days. During this swift decline, a large gap was created in the chart above. Sentiment is not overdone at this time.
DDD has edged higher over the past week, off of support. Will DDD fill the gap zone that comes into play around the $55 level? Will be interesting to see how this stock does in the near future after such a steep decline in 2014.
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