Long Position on DDD @ $40.20 on 11/13/2012 (Momentum)

3D Systems Corporation (DDD)  engages in the design, development, manufacture, marketing, and servicing of 3D printers and related products, print materials, and services.

The company’s principle print engines comprise stereolithography, selective laser sintering, multi-jet modeling, film transfer imaging, selective laser melting, and plastic jet printers.

Its 3D printers convert data input from computer-aided design software or 3D scanning and sculpting devices to produce physical objects from engineered plastic, metal, and composite print materials.

The company also blends, markets, sells, and distributes various consumables, engineered plastics, metal materials, and composites; and offers various software tools, as well as pre-sale and post-sale services, including applications development, installation, warranty, and maintenance.

In addition, it provides custom parts services, such as precision plastic and metal parts service and assembly capabilities. The company markets its stereolithography materials under the Accura and RenShape; laser sintering materials under the DuraForm, CastForm, and LaserForm; and materials for professional printers under the VisiJet brands.

Shares have formed a bullish "cup and handle" and are presently in the handle part of the formation. Higher prices are expected for this stock.

52-Week Trading Range:  $14.21 - $46.92

Last Trade:  $40.20

Stop Loss:   $38.25

Target Price:   $44.30

Position closed on 11/15/2012 at price of $38.25 with a -4.85% loss in 2 days.

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