Former 3-D leader Stratasys (SSYS) has rallied within what we believe is a head and shoulders top formation in process. We would look at using this rally up into the 50-day moving average as a spot to short the stock, using the 50-day line at 116.68 as a very quick stop. With the market continuing to weaken, particularly on the NASDAQ, we would make this trade on the theory that SSYS will reverse as the weight of the general market begins to eat away at the stock.
SSS - Stratasys (SSYS) Short-Sale Set-Up at a Potential Right Shoulder Peak
|Published:||3 Apr 2014 16:30 ET|
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