Stratasys Ltd. (SSYS) : Traders are bullish on Stratasys Ltd. (SSYS) as it has outperformed the S&P 500 by a wide margin of 8.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.72% in the last 1 week, and is up 8.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Stratasys Ltd. is up 7.99% in the last 3-month period. Year-to-Date the stock performance stands at -7.28%. The stock has recorded a 20-day Moving Average of 5.77% and the 50-Day Moving Average is 1.6%.
Stratasys Ltd. (NASDAQ:SSYS): The stock opened at $21.60 on Friday but the bulls could not build on the opening and the stock topped out at $21.90 for the day. The stock traded down to $21.40 during the day, due to lack of any buying support eventually closed down at $21.77 with a loss of -0.05% for the day. The stock had closed at $21.78 on the previous day. The total traded volume was 426,207 shares.
Also, Piper Jaffray downgrades its view on Stratasys Ltd. (NASDAQ:SSYS) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Piper Jaffray lowers the price target from $32 per share to $24 per share on Stratasys Ltd.. The rating by the firm was issued on July 18, 2016.