Today we have a mid-year Top Pick update from Shortex Market Letter Editor Joseph Parnes, followed by a sell alert from The Energy Strategist.
“3D Systems Corp. (DDD, NYSE) [is a] maker/provider of 3D printers converting data input from computers. Beneficiary from its recent offering, despite high valuation of 11.5 times sales and 38 times next year’s earnings. The stock’s breakout through secondary resistance at 39-41 with heavy volume [is] indicative of higher highs. Volatile. Buying Range: 44-48. Near-term Objective: 58. Intermediate-term Objective: 69. Stop Loss: 37. (Recommended at $29.08 (split-adjusted) dated December 7, 2012. Reached high at $51.94. Return of 78.61%.)”
Joseph Parnes, Shortex Market Letter, www.shortex.com, 800-877-6555, 6/18/13