Has 3D Systems Finally Found A Bottom?

'' 3D Systems

shares are trading higher by $0.05 at $22.13 in Thursday's session. The battered and bruised 3D printing company is attempting to recover from a two and one half year low that was made on May 7 at $21.86. That is just below its October 2012 ($22.21) that put place on the way to its all time high that was made in January 2014 ($97.28). The company is coming off a mixed Q1 report with an EPS ($0.05 vs.Est. $0.04) but on lower revenue ($160.722M vs. Est $161.78). However, investors have abandoned the issue when the company withdrew its outlook for the remainder of the year. It should be noted there has been some strong buying interest in the issue over the last six days as the issue has bottomed between $21.86 and $22.10. Of course, this may be only short covering, this technical pattern may indicate a short-term reversal in price.