StockCall Pre-Market Review on 3D Systems, General Electric, Cummins, and ITT Corp.

StockCall Pre-Market Review on 3D Systems, General Electric, Cummins, and ITT

PR Newswire

LONDON, March 27, 2013

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

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 

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

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

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

About is a financial website where investors can have easy, precise
and comprehensive research and opinions on stocks making the headlines. Sign
up today to talk to our financial analyst at 


Contact: Contact Person: William T. Knight, Email:, Contact
Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
Press spacebar to pause and continue. Press esc to stop.