20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Stratasys, Inc. (NASDAQ: SSYS) has lowered its guidance and the Street isn't happy. The stock is down about 31.6 percent on Tuesday, recently priced at $55.16.
Stratasys’ plunge has dragged down several other 3D printing stocks:
3D Systems Corporation (NYSE: DDD) has lost more than 8 percent and recently traded at $27.64.
ExOne Co (NASDAQ: XONE) is down 5.7 percent at $13.70.
Voxeljet AG (NYSE: VJET) has lost more than 6 percent to $7.90.
Finally, Materialise NV (NASDAQ: MTLS) dropped 3.6 percent to $8.30 on Tuesday.
Related Link: Why Stratasys Is Getting Destroyed
Several analysts have weighed in on Stratasys’ poor guidance. Brean Capital downgraded the stock on Tuesday morning, but issued no price target. Baruah expressed concern regarding the $100 million to $110 million write-down for MakerBot, which may suggest that the acquisition will be a “headwind for the foreseeable future.”
Canaccord also seemed somewhat bearish, as it trimmed its price target on Stratasys from $120 to $100. However, the firm still maintains a Buy rating on the stock.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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