December 10, 2024
Mish's Daily
By Mish Schneider
An Israeli company, Stratasys Ltd., saw shares climb after the company raised its earnings outlook for the year and unexpectedly turned an adjusted profit in the third quarter.
I have waited for a very long time for companies who pioneer 3-D printing to begin to turn profits as they have spent massive amounts of money on research and development and have been way less concerned with shareholders’ profits.
Here is a list of some of the areas 3-D printing impacts
Furthermore, SSYS has become the official 3D Printing Partner of NASCAR, which will now exclusively use Stratasys 3D printing technology for the design and production of parts and tools.
Today’s range traded inside yesterday’s trading range.
The price is above the 200-DMA and the July 6-month calendar range high.
The distance between the 50 and 200-DMAs narrows.
SSYS outperforms SPY.
Momentum is improving.
The risk is clear and the target over current levels brings this to around 13 for now.
Geoff and I did a podcast yesterday evening-SSYS is featured along with momentum stocks harder to trade right now.
Educational purposes only, not official trading advice.
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Mish in the Media-Want to see more? All clips here
Mish and Geoff Podcast-Look Out for These Bearish Patterns 12-09-24
BNN Bloomberg A Couple of Top Themes for 2025 12-10-24
Business First AM All About Rivian 12-06-24
Business First AM The Skinny on Some Stock Picks 12-06-24
Making Money With Charles Payne Mish talks Small Caps and the Vanity trade heading into 2025 11-27-24
Coming Up:
December 11 Wealthwise with Jordan Kimmel
December 17 Malaysia Radio
December 18 CNA Asia
December 19 Live Coaching
Weekly: Business First AM
ETF Summary
(Pivotal means short-term bullish above that level and bearish below)
S&P 500 (SPY) 600 pivotal support
Russell 2000 (IWM) Slow drift below support-a double top would catch a lot of investors off guard
Dow (DIA) 445 pivotal
Nasdaq (QQQ) 507 support
Regional banks (KRE) 65 support 70 resistance
Semiconductors (SMH) 250 resistance 240 support
Transportation (IYT) 71.40 the 50-DMA to hold
Biotechnology (IBB) 140 support 144 resistance
Retail (XRT) 80 support 87 resistance
iShares iBoxx Hi Yd Cor Bond ETF (HYG) 79.50 pivotal
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