3D Systems (DDD) has been on a roll since pushing out from under the thumb of sellers in early May. Note the strong chart formation as the stock has rallied more than 100% since the spring lows. Solid turnover and price action with higher lows and higher highs have put this stock at levels not seen in well over a year.
This name is also enjoying very high relative strength. What’s especially notable here is the surge that occurred post-earnings; the stock soared past the recent breakout on solid turnover. The %R is in bull territory, and as we know, trends can continue far longer than you might expect. We could see 3D reach the mid 20’s before too long.
