Today’s Research Reports on Trending Tickers: 3D Systems Corporation and Stratasys Ltd.
U.S. markets continued to hit record highs Friday as the potential for a rate hike by the Federal Reserve dimmed on weak economic data. The Dow Jones Industrial Average increased 0.39 percent to close at 21,637.74, its third consecutive record close, while the S&P 500 Index rose 0.47 percent to close at a record 2,459.27. Financials were the only sector in the S&P 500 to decline on Friday. Analysts’ predict earnings for the S&P 500 Index to increase of 8.1 percent year-over-year, according to Thomson Reuters.
“I think this morning’s economic data once again plays into the narrative that the Fed will be more dovish,” said Ian Winer, head of the equities division at Wedbush Securities, in an interview, according to MarketWatch. “It further fuels the sentiment that there’s no alternative for stocks.”
RDI Initiates Coverage on:
3D Systems Corporation
3D Systems Corporation’s stock moved 3.00% higher Friday, to close the day at $18.55. The stock recorded a trading volume of 3,861,649 shares, which was above its three months average volume of 2,851,940 shares. In the last year 3D Systems Corporation’s shares have traded in a range of 11.98 – 23.70. The share price has gained 54.84% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $21.38 is greater than its 200-day moving average of $17.03. Shares of 3D Systems Corporation have gained approximately 39.58 percent year-to-date.
Access RDI’s 3D Systems Corporation Research Report at:
On Friday, shares in Stratasys Ltd. recorded a trading volume of 582,389 shares, which was below the three months average volume of 956,591 shares. The stock ended the day 1.48% higher at 24.00. The share price has gained 46.57% from its 52 week low with a 52 week trading range of 16.37 – 30.88.The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $27.39 is greater than its 200-day moving average of $22.32. Shares of Stratasys Ltd. have gained approximately 45.10 percent year-to-date.
Access RDI’s Stratasys Ltd. Research Report at:
Our Actionable Research on 3D Systems Corporation (NYSE:DDD) and Stratasys Ltd. (NASDAQ:SSYS) can be downloaded free of charge at Research Driven Investing.
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