Yesterday’s Investment Digest issue was the last of the year, so today’s Daily Alert begins our coverage of the 2013 Top Picks! To start, here’s a timely technical Top Pick from Shortex Market Letter Editor Joseph Parnes. This stock is in a strong uptrend, so act fast or wait for a dip to buy closer to Parnes’ recommended price range.
“3D Systems Corp. (DDD, $51) — The maker/marketer of 3D printers and services reported Q3 earnings up 87%, with revenue up 57%. Recent secondary offering increased cash to $110 million. DDD rocketed through secondary resistance at 37-39. [It is now] challenging its previous high of 49.35. Buying Range: 42-45, Near-Term Objective: 54, Intermediate-Term Objective: 63, Stop Loss: 37.80.”
- Joseph Parnes, Shortex Market Letter, December 7, 2012