TMCNet:  SmarTrend Watching for Potential Rebound in Shares of Stratasys After 2.04% Loss

[February 26, 2013]

SmarTrend Watching for Potential Rebound in Shares of Stratasys After 2.04% Loss

Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Stratasys (NASDAQ:SSYS) traded in a range yesterday that spanned from a low of $60.20 to a high of $64.35. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $60.79 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


SmarTrend recommended that its subscribers protect gains by selling shares of Stratasys on January 29th, 2013 by issuing a Downtrend alert when the shares were trading at $78.90. Since that call, shares of Stratasys have fallen 19.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Stratasys share prices have been bracketed by a low of $32.87 and a high of $92.30 and are now at $62.50, 90% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.5%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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