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Drop2
Nov 28, 2014 5:54 PM

3D Systems Corp expected to break through the $38 level next wee Long

3D Systems CorporationNYSE

Description

The share has been in a downtrend since July 2014. The movement did not gain momentum after a gap to the downside that occurred in October. Prices create gaps moving near the $34 level, which indicates that downward movement is petering out. A head-and-shoulders reversal pattern is shaping up on the daily chart. If the name closes the week at $34 and the $38 level is broken, the prices will reach the $44 level in a week.
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