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Monday, October 21, 2013

VoxelJet (VJET) Stock - Buy or Sell?

VoxelJet (VJET) - Buy or Sell?  Buy VJET on a break through the high of the day today for a quick trade, keep a tight stop.

VoxelJet (VJET) stock popped on Friday as the company went public.  The VJET IPO opened at $19, rallied to $26, dropped to $21, and then closed at $29.  This morning, October 21, 2013, VJET is gapping up close to $30.

In my opinion, shares of VoxelJet (VJET) are a buy above $30 for a quick trade but keep a tight stop.  VJET is due for a major pullback to $23-$25.  My motto is, you can trade anything as long as you use a tight stop.

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

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