Materialise (MTLS) Moved to HOLD
Materialise (MTLS) hasn’t been particularly strong lately, and yesterday dipped down and closed just below 11.5. There should be considerable support here as the stock was at the same level last summer. But just to be safe, I’m moving to Hold today.
We have earnings coming up on March 6 and provided the broad market firms up, we should see shares move at least modestly higher as the reporting date arrives. But again, we need to protect against a larger decline. And moving to Hold today is the first step in that process. HOLD.
Earnings: March 6