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3D Systems Corporation (DDD) engages in the design, development, manufacture, marketing, and servicing of 3D printers and related products, print materials, and services.
The companys 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. It primarily serves manufacturers of automotive, aerospace, computer, electronic, defense, education, consumer, energy and healthcare products, as well as original equipment manufacturers, government agencies, universities, and independent service bureaus.
3D printing is the next technology to change our lives. The next time you lose a button on your favorite coat, you can just print a new one. Architects no longer are required to build a model using wooden sticks and cardboard, they just print one. Automakers no longer have to make model cars out of clay, they just print one. The uses are unlimited.
Shares are heading higher in an upward trading channel. Shares dropped last week after a competitor files its IPO papers and that provided an excuse for investors to take profit on DDD. Shares should be hearing higher from here.
52-Week Trading Range: $20.10 - $71.98
Entry Point: $61.50
Stop Loss: $57.95
Target Price: $67.10
We closed the position today at $68.00 after stock exceeded our target. This was a great pick, we reached our target in 2-days. If you elect to stay in this position, please adjust your stop losses upward.
