NEW DIRECTIONAL CALL PLAYS
3D Systems - DDD - close: 55.15 change: +1.40
Stop Loss: 52.48
Target(s): 59.75 & 64.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks and two-to-three months
New Positions: Yes, see below
Why We Like It:
DDD is part of the new 3-D printing industry.
The stock is trading at all-time highs as many investors believe this will be a big growth industry for years to come. DDD has garnered a number of bullish analyst upgrades. Yet there are also bears on this stock and DDD could see a short squeeze. The most recent data listed short interest at 33% of the 94.5 million share float.
Today's high was $56.23. We are suggesting a trigger to buy calls at $56.35. If triggered our short-term target is $59.75. Our longer-term target is $64.00.
The Point & Figure chart for DDD is bullish with a $71 target.
You'll notice that I am listing both the November calls and the 2014 January calls.
Trigger @ 56.35
- Suggested Positions -
Buy the NOV $60 call (DDD1316k60) current ask $2.60
- or -
Buy the 2014 Jan $60 call (DDD1418a60) current ask $4.30
Entry on September -- at $---.--
Average Daily Volume = 4.1 million
Listed on September 24, 2013