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Monday, October 21, 2013

VoxelJet (VJET) Stock Analysis 10/22/13 October 22, 2013

VoxelJet (VJET) Stock Analysis 10/22/13 October 22, 2013

VoxelJet (VJET) - Buy or Sell?  Buy VJET between $26-$28.

VoxelJet (VJET) stock continued to pop on Monday but saw a $7 pullback in the afternoon.  The VJET IPO opened at $19, rallied to $26, dropped to $21, and then rallied to $39 on Monday.  On Tuesday, I'm expecting more selling pressure as this IPO went parabolic.

In my opinion, shares of VoxelJet (VJET) are a sell until the $26-$28 is tested.  VJET is in dire need of a crash to squeeze the day traders out.

VoxelJet (VJET) will have support at the following levels - $32, $28.80, $27, $26, $24.50, $21.

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