ExOne Co (NASDAQ: XONE)

The ExOne Company manufactures and sells three dimensional printing machines and printing products in the Americas, Europe, and Asia. The company provides Max, Print, Flex, and Lab machines that enable designers and engineers to design and produce industrial prototypes and production parts; and ExMicro Orion machine, a laser micromachining product for conventional and exotic materials. It also offers associated materials comprising consumables and replacement parts; and other services, such as pre-print services, training, and technical support.

Take a look at the 1-year chart of ExOne (Nasdaq: XONE) below with my added notations:

1-year chart of ExOne (Nasdaq: XONE)

For most of the year XONE has not been able to get out of its own way. A peak at $70 was followed by a low at almost $15. Along the way, the stock has created a very important price level at $25 (black). XONE has also tested the price of $20 (red) as support for the 2nd time in the last 3 weeks. At some point either the $25 or $20 level will have to break.

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The Tale of the Tape: XONE has key levels to watch at $20 and $25. Long trades could be considered at $20 or on a break through $25. Short trades could be made at $25 or on a break below $20.

Would you like assistance in making your TBS trades? If so, email me at Christian@yolopub.com and let’s talk about working together one on one!

Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.

No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!

Good luck!

Christian Tharp, CMT

Follow me on Twitter: @cmtstockcoach