This 3D Printing Stock Plus 3 More on the Move by Harry Boxer
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Posted 14 June 2018 - 02:24 PM
This 3D Printing Stock Plus 3 More on the Move
By Harry Boxer
3D Systems Corporation (DDD) tacked on 14 cents to $14.50 on 2.7 million shares Tuesday. The move came on no news from the company, though last week it announced two new 3D printing products. The stock, which rallied sharply off its May 3 low at $9, flagged later in the month, broke out two weeks ago, flagged again, and now appears to be ready to break out again. Watch for a move next to $15.75, followed by $17.50.
Kopin Corporation (KOPN) edged up 8 cents to $3.64 on 551,400 shares Tuesday. The move came on no news from the wearable technologies company, though two weeks ago it unveiled the first controlled wearable smart screen. The stock, which has traded in a range from $3-$4 this year, is moving up towards lateral resistance at around $3.85-.95 zone. A break through that could get it to the $4.50-.60 zone.
Ocular Therapeutix, Inc. (OCUL) gained 36 cents to $7.71 on 737,400 shares Tuesday. The biopharmaceutical company, focused on therapies for eye disease, announced it will present at the JMP Securities Life Sciences Conference June 20 in New York. The move broke the stock out of a 3-month sideways pattern. In a steep rising channel off its November low of $3.30, the stock could get to $9-$9.25, last reached in July.
Tandem Diabetes Care, Inc. (TNDM) rose $1.37 to $17.70 on 2.1 million shares Tuesday. The move came on no news from the provider of medical devices for people with insulin-dependent diabetes. Since February the stock has run almost 9-fold from just above $2, and, though oversold, momentum could carry it to the low-to-mid $20's.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations.