Introduction : After rushing up vertically, 3d-printing stock Stratasys is currently moving sideways with a tendency for further gains, which is however not yet confirmed and opens up possibilities for swing-trading in rather short timeframes.
Analysis : The midterm-upward trend has been left, with the last highs forming a slightly downward moving resistance...
The idea is to go long following the major trend - wait the possible end of price retracement before going long.
The strong preliminary results from 3D Systems are sparking investor optimism that the 3D-printing industry is about to come roaring back as manufacturing activity picks up and economies start to recover from the havoc caused by the pandemic.
NASDAQ:SSYS
