StockCall Pre-Market Review on 3D Systems, General Electric, Cummins, and ITT Corp.
LONDON, March 27, 2013 /PRNewswire/ --
A report released by the Commerce Department on Tuesday showed that orders for durable goods rose 5.7% in February, driven by a rebound in demand for transportation equipment. The durable goods orders data once again highlights the fact that the U.S. economy is seeing a robust recovery. The improving economic outlook augurs well for diversified machinery manufacturers such as 3D Systems Corporation (NYSE: DDD), General Electric Company (NYSE: GE), Cummins Inc. (NYSE: CMI), and ITT Corp. (NYSE: ITT). On Tuesday, diversified machinery makers ended on a mixed note even as the broad market posted significant gains, with the Dow Jones closing at yet another record high. StockCall analysts initiated preliminary technical research on DDD, GE, CMI, and ITT. These free reports are accessible by signing today at
http://www.stockcall.com/register
Shares of 3D Systems Corporation edged higher in trading on Tuesday; however, the gains were limited. The stock ended the day 0.29% higher at $30.92 on volume of 2.59 million. 3D Systems shares have now gained more than 1.10% in last three trading sessions. The company's shares have gained more than 100% in the last one year. However, the stock's performance in 2013 has been disappointing. Year-to-date, the stock has fallen more than 13%. Shares of DDD continued their upward trend from last year in January; however, the stock has seen a sharp pullback since February. 3D Systems shares currently have support at $28. The free technical analysis on DDD is available by signing up at
http://www.StockCall.com/DDD032713.pdf
Shares of General Electric Company edged lower in Tuesday's trading session. The stock ended the day 0.52% lower at $23.12 on volume of 32.36 million. Shares of GE are currently trading close to their 52-week high of $23.90. The stock has gained more than 11% so far in 2013, easily outperforming the S&P 500. However, General Electric Company shares have been struggling to break through $23.75 resistance level. The stock's MACD is currently trading below the signal line, which is a bearish signal. Register now to download the free research on GE at
http://www.StockCall.com/GE032713.pdf
Cummins Inc.'s shares edged higher yesterday, tracking gains in the broad market. The stock ended the day 0.75% higher at $113.15 on above average volume of 1.91 million. Cummins' shares had seen a series of lows after failing to break through $120 resistance level. The stock, however, has found support at $112.50. Its MACD chart is still giving bearish signal. The company's shares are also trading below their 50-day moving average. Year-to-date, nonetheless, the stock is still up nearly 4.90%. Free report on CMI can be accessed by registering at
http://www.StockCall.com/CMI032713.pdf
Shares of ITT Corp. struggled in Tuesday's trading session even as the broad market rallied. The stock touched an intra-day low of $28.53 before finishing the day 0.52% lower at $28.60, taking its losses in the last three sessions to nearly 1.40%. ITT's shares have seen a pullback after seeing a series of highs in the previous two weeks. The stock had been gaining momentum after breaking through $26.50 resistance level. Shares of ITT are still trading well above their 50-day and 200-day moving averages. However, the stock's MACD chart suggests that market sentiment has turned bearish on the stock. Register with StockCall and download the research on ITT for free at
http://www.StockCall.com/ITT032713.pdf
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