In my recent research, I came across a couple of interesting mid-cap stocks: Â IPG Photonics (NASDAQ:IPGP) and 3D Systems (NYSE:DDD).
Below I share my thoughts on these two stocks and their respective trading setups.
IPG Photonics (IPGP) is a manufacturer of high performance lasers. On Monday 1/30/17, they announced they beat the top end of their revenue guidance in a historically weak quarter.
The company is a tech play in construction, as described in their Q3 Conference Call via SeekingAlpha.com
The stock is breaking out of a 6 year base-on-base pattern. The top base breakout measures to 134. Trends via moving averages are all turning higher as it appears ‘all systems are go’. This appears to be a buy all pullbacks stock.
3D Systems (DDD) provides 3D printing products and services.
This was once the most heralded stock in the 3D Printing rally of 2012-13. After a 90% decline during 2014-15, the stock has rallied 150% plus and has consolidated in a range for about a year.
If it were to break higher out of this base, a move to the high 20s or even the 200 week moving average around 30 may be in order.
Thanks for reading.
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The author does not have a position in any mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.
