26Dec11:39 amEST
Illusions of an End of Year Treat
The 3D printing stocks have been beaten-down badly in 2014, with many of the hot money players from earlier this year taken out in body bags with one failed bounce after the next leading to lower lows.
Over the past week or so, I charted SSYS as a potential year-end squeeze candidate on the long side for a quick, snapback rally. And this morning, XONE appears to be leading the charge of battered and bruised 3D printing stocks staging rallies.
Of course, due to the damaged nature of these charts it is likely correct to be a seller into the rallies. But when we see DDD SSYS, below on their daily timeframes, bulls have a chance for at least some type of reprieve as we zoom towards 2015.
I suggest protective stop-losses on any longs in these names below this morning's respective lows.