NEW DIRECTIONAL CALL PLAYS
3D Systems - DDD - close: 56.76 change: +1.51
Stop Loss: 53.45
Current Option Gain/Loss: Unopened
Time Frame: exit PRIOR to earnings on Oct. 29th
New Positions: Yes, see below
Why We Like It:
DDD is a major player in the growing field of 3D printers and materials and custom ordered parts.
There are plenty who believe the 3D printing area will be a huge growth industry over the next several years. Yet there seem to be a lot of investors betting against DDD as well, likely due to valuation. DDD's P/E is over 125. The most recent data listed short interest at 32.5% of the 94.5 million share float. If the stock can breakout to a new high shares could see a short squeeze.
Today's high was $56.85. I am suggesting a trigger at $57.05. If triggered our target is $64.00. However, we will plan to exit prior to DDD's earnings report on October 29th.
Trigger @ 57.05
- Suggested Positions -
Buy the NOV $60 call (DDD1316K60) current ask $2.20
Entry on October -- at $---.--
Average Daily Volume = 6.8 million
Listed on October 17, 2013