Back in April, I wrote about 3D Systems (NYSE: DDD) and a technical pattern on its chart that indicated the stock was about to begin a new uptrend that could see the stock price rising 168% or more.
The technical pattern discussed in the article—which is available here—was the contracting triangle, a continuation pattern that indicated that once the price broke out of the pattern, a new uptrend would begin for DDD.
So where is DDD today? Well, by the first week of May, not even two weeks after writing about the stock, the price had broken out of the contracting triangle pattern and was beginning a new uptrend. Within days of the breakout, the price rose nearly 40%.
But if you’re reading this and kicking yourself for not buying DDD back then, I have good news for you. More →