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Stratasys Up 0.7% Since Needham Upgraded One Week Ago (SSYS)

Published on Tue, 03/12/2013 - 09:11
By Adrienne Chilton

Stratasys was upgraded from Hold to Buy by Needham one week ago. The stock closed at $69.30, which is 0.7% higher than the price one week ago ($68.82).

In the past 52 weeks, shares of Stratasys have traded between a low of $33.52 and a high of $92.30 and are now at $70.06, which is 109% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.8%.

There is potential upside of 23.1% for shares of Stratasys based on a current price of $70.06 and an average consensus analyst price target of $86.25. The stock should hit resistance at its 50-day moving average (MA) of $77.07, as well as support at its 200-day MA of $64.72.

Stratasys, Inc. develops, manufactures, and markets rapid prototyping systems. The Company's systems enable engineers and designers to create physical models, tooling, and prototypes out of plastic and other materials directly from a computer aided design workstation.

By Adrienne Chilton
achilton@fnno.com