3D Printing Stocks Are Back on Watch 🌤️ The Morning Print

Good morning! 

3D printing stocks may be setting up for a comeback as they test resistance from a multi-year base.

Let's take a look.

The 3D printing theme surged in popularity after Covid, fueled by expectations that the technology would reshape the future of manufacturing.

That optimism sparked a powerful rally in the space.

After breaking above its 2018 highs, PRNT climbed roughly 85% in just four months.

That momentum surge ultimately marked the top, and the group has spent the past several years consolidating.

Now, the ETF is on pace for its eighth consecutive weekly gain as it pushes into prior resistance and its anchored VWAP from the late 2021 highs.

Some consolidation at these levels would be perfectly normal, but from a bigger-picture perspective, 3D printing stocks may be starting to re-emerge as another speculative growth theme.