A subscriber sent me a note regarding 3D Systems (DDD) over the weekend, and I have to admit, this is one beaten-down stock that's beginning to look a bit better.
The stock's been trading above its 50-day simple moving average (SMA) since mid February, and just spent its first full week above its 200-day SMA in over two years. While I'd prefer buy DDD on a pullback, a push above $15 might be playable for shorter timeframe day traders.
Tesla Motors (TSLA) has ripped higher to the tune of 90 handles since mid-February, and is sitting just beneath late-December resistance at $240. Given that the stock broke to a new major swing low in early- to mid-February, and is currently sitting beneath its prior swing high (near $240), this is exactly the sort of stock I'd look to sell short once the broader market begins to roll over.
Another subscriber emailed asking whether it was time to start watching Twitter (TWTR) again, but unfortunately, I don't see much to go on there. The stock failed to hold above its 50-day SMA early this month, and currently appears to be listing about without any real direction. Frankly, I don't see a reason to be long or short the stock in here. Leave it alone until a more motivated participant takes control.
Any trading or volume profile related questions can be posted in the comments section below, emailed to me at firstname.lastname@example.org or posted to my twitter feed @ByrneRWS.