$DDD — Reset and ready to rock

(Click chart to enlarge)

(Click chart to enlarge)

3D Systems broke out of the wedge to the upside, consolidated above the 10MA for a few days and looks ready to test those highs once again.  MACD cross and rising moving averages.  I would imagine if futures remain where they are (/ES +15.00) we are going to see a gap up.  The plan is to trade this long above the opening bar on the 5 min chart.  Will be watching the July 26 48C to play this.  Resistance levels come in at 48.87, 50.98, 51.94.  Once those are cleared, PT would be $55. Earnings are scheduled for July 30, something to keep in mind for swing traders.



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