Quick Win by the Algorithm: DDD Climbs Over 17% in 7 Days
Quick Win by the Algorithm
On January 3, 2017, the I Know First algorithm had predicted a bullish forecast for 3D Systems Corporation (DDD). DDD had a signal of 23.66 and a predictability of 0.37. In accordance with the algorithm, the company reported long-position capital gains of 17.08% experiencing a quick win by the algorithm.
3D Systems (DDD) provides comprehensive 3D products and services, including 3D printers, print materials, on-demand parts services and digital design tools. Its ecosystem supports advanced applications from the product design shop to the factory floor to the operating room. 3D Systems’ precision healthcare capabilities include simulation, Virtual Surgical Planning, and printing of medical and dental devices as well as patient-specific surgical instruments. As the originator of 3D printing and a shaper of future 3D solutions, 3D Systems has spent its 30 year history enabling professionals and companies to optimize their designs, transform their workflows, bring innovative products to market and drive new business models.
DDD may have posted 17% returns due to the fact that the company may acquire General Electric (GE). In the last year, GE and HP have both ventured into the 3D printing world. GE also announced last year that it would invest $1.4 billion to acquire two start up 3D printing businesses in Europe and projects that they will earn about $1 billion in revenue by the year 2020. The acquisition currently, is only speculated, which is enough to spike the stock in the market but may not be enough to actually partake in purchasing the stock to include in your portfolio, but this can also be a very lucrative stock. Whether DDD and GE merge or not, DDD is still growing and has a leg up on other 3D printing companies. For more information about 3D Systems, click here.
This bullish forecast on DDD was sent to current I Know First subscribers on January 3rd, 2017.
Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
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