From R&D to ROI How Stratasys Signals a New Era for 3D Printing Investors

Published 12/11/2024, 12:02 AM
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An Israeli company, Stratasys Ltd (NASDAQ:SSYS)., saw shares climb after the company raised its earnings outlook for the year and unexpectedly turned an adjusted profit in the third quarter.

I have waited for a very long time for companies who pioneer 3-D printing to begin to turn profits as they have spent massive amounts of money on research and development and have been way less concerned with shareholders’ profits. Stratsys Ltd Stock Daily Chart

Here is a list of some of the areas 3-D printing impacts

  • Aerospace
  • Automotive
  • Consumer Products
  • Dental
  • Medical (TASE:PMCN)
  • Education
  • Art and Fashion
  • Agriculture
  • Applications
  • Manufacturing
  • Investment Casting
  • Jigs and Fixtures
  • Production Parts
  • Rapid Prototyping
  • Packaging
  • Design
  • Composite Tooling
  • Dentures

Furthermore, SSYS has become the official 3D Printing Partner of NASCAR, which will now exclusively use Stratasys 3D printing technology for the design and production of parts and tools.

Today’s range traded inside yesterday’s trading range.

The price is above the 200-DMA and the July 6-month calendar range high.

The distance between the 50 and 200-DMAs narrows.

SSYS outperforms SPY.

Momentum is improving.

The risk is clear and the target over current levels brings this to around 13 for now.

Geoff and I did a podcast yesterday evening-SSYS is featured along with momentum stocks harder to trade right now.

ETF Summary

(Pivotal means short-term bullish above that level and bearish below)

S&P 500 (SPY) 600 pivotal support

Russell 2000 (IWM) Slow drift below support-a double top would catch a lot of investors off guard

Dow (DIA) 445 pivotal

Nasdaq (QQQ) 507 support

Regional banks (KRE) 65 support 70 resistance

Semiconductors (SMH) 250 resistance 240 support

Transportation (IYT) 71.40 the 50-DMA to hold

Biotechnology (IBB) 140 support 144 resistance

Retail (XRT) 80 support 87 resistance

iShares iBoxx Hi Yd Cor Bond ETF (HYG) 79.50 pivotal

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