3D Printing Stocks May Look Scary, but This Stock is Definitely a 'Buy': DDD

Last week, 3D printing stocks, one of the latest go-go sectors, traded in a volatile fashion after some of the companies issued statements about their sales guidance. The stocks chopped back and forth in the early part of the week, and then stabilized somewhat in the second half.

One of my favorite stocks in the group from a technical perspective is 3D Systems (NYSE: DDD). The stock, albeit sporting an ultra-steep slope from a multiyear perspective, respects its various technical levels. And although it has a volatile day here and there, for the most part it trades in an orderly fashion.

On Thursday, the company announced that it entered into a multiyear joint development agreement with Hershey (NYSE: HSY). The largest producer of quality chocolate in North America is looking to explore using three-dimensional printers in candy making. 

The applications of 3D printing technology are rapidly growing. This has caught traders' attention, and the share prices of the various publicly listed companies in the space have risen sharply in recent years, particularly in 2013. (more)

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