Chinese Conference May Be Moving 3D Printing Stocks Higher
3D printing stocks are shooting higher Monday.
One possible catalyst is a 3D printing expo that began in China on Friday and continued through Monday. Over 20,000 people are reported to have registered for the event. It is uncertain if a development was announced at the conference, but it may have sparked international buying.
3D printing stocks are also heavily shorted, indicating that a couple point move upward could have strengthened positive momentum as shorts began covering their positions.
3D Systems (NYSE: DDD) +5.3 percent
ExOne (NASDAQ: XONE) +2.9 percent
Stratasys (NASDAQ: SSYS) +4.1 percent
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