I was wondering what your thoughts are on DDD (3D Systems)…it seems like a strong stock with relative strength (relative to the overall market). If you can, please let me know what you think. Thanks!
While I agree that it’s been a solid performer and has high RS when compared to the general markets,I’m afraid that this is an example where new highs may not be a good thing right now. According to IBD a late stage base that is only a few months long doesn’t have the odds in it’s favor for a successful breakout. The think about breakouts is that the majority of them fail, and given the current trading environment even more of them will be failing. My advice is if you have profits on this one I would be an aggressive profit taker.
Weekly Chart View