September 12, 2013:
I am looking to add the third of the three available 3D printing stocks. I have already purchased 3D Systems (DDD) and Stratasys (SSYS). The last stock is ExOne (XONE). It looks like it is time to place a ExOne stock trade.
Let’s talk a bit about 3D printing, also called additive manufacturing. 3D printing is not a new technology, but in the last year it has begun to hit public awareness. Getting on the general public’s radar is the first step on the way to critical mass where the techonology becomes a staple in people’s lives.
Big manufacturing companies have been using 3D printing for many years, but the machines are expensive and require skill and training to use. But in the last couple of years companies like 3D Systems and Stratasys are making simpler units that allow consumers to print solid three dimensional objects from their own computers. Home versions allow you to print out of plastics, but more expensive commercial units print in metals, ceramics, glass, and other materials.
Microsoft recently announced that its Windows 8 operating system will include support for 3D printing. This is a big move towards consumers adopting the technology wholeheartedly.
ExOne’s stock has been on a tear since its IPO in February 2013. It is now undergoing a correction that looks like will touch its 100 day moving average (the blue line) soon, and that is where I am placing my buy order.
(Click to enlarge)
I am placing a buy limit order to buy XONE at 55.70, good til cancel.
If filled, I will place a tight stop, because if the 100 DMA does not hold the next support is at 50.
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