3D Systems Continues To Be In Break-Out Mode

shares were trading higher by $1.15 (3.7 percent) at $29.92 in Friday's session. It is continuing to add to its gain after breaking out of its major resistance at the $27.75 level in Tuesday's session. Since the break-out has taken place, the issue has not come even close to revisiting the former resistance level (which should act as new support) only reaching $28.12 in Wednesday's session. In bullish fashion, it found support ahead of that level in Thursday's and Friday's session, bottoming at $28.12 and $28.55, respectively. So far, it has reached $30.15 in Friday's session, which makes the the first time it has traded over $30 since March 3 when it peaked at $30.48. It has not closed over $30 since March 2 when it ended the session at $30.25. Today's rally is taking place on higher than average normal volume as 2.8 million shares have already changed hands, versus its 20-day average of 1.8 million shares with about one hour left in the trading session. The issue was spoken about favorably by Michelle Schneider (Director of Trader Education & Research for MarketGauge) on Wednesday's Benzinga's #PreMarket Prep Show. Listen to her interview in the audio below.