DDD 8/26/2013 Mid-Day Update – Bull Flag Breakout!


3D Systems has confirmed the breakout from the bull flag continuation pattern. I will not be selling any shares until possibly later this week as the move appears to be strong and I do not want to sell my shares too early. I will have a full DDD update soon to discuss other possible target areas.

 

Until my full update, I will leave you with this chart. Pokey pokey above $52.31 – is $56-$62 a better selling area? Of course it is!

 

3D Systems (DDD) Bull Flag Breakout (Mid-morning Chart)

3D Systems (DDD) Bull Flag Breakout (Mid-morning Chart)

 

Volume is at 5.6 million shares at 10:40 am central time, a little more than 2 hours into the market. Today’s huge volume is the breakout, there are no mistakes about it.

Comments are closed.

        
s2Member®