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Shares of Sirona Dental Systems Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Sirona Dental Systems (NASDAQ:SIRO) traded today at $102.89, breaking its 52-week high. So far today approximately 61,000 shares have been exchanged, as compared to an average 30-day volume of 324,000 shares.

Sirona Dental Systems (NASDAQ:SIRO) is currently priced 4.2% above its average consensus analyst price target of $98.00. The stock should discover initial support at its 50-day moving average (MA) of $96.33 and subsequent support at its 200-day MA of $88.24.

Over the past year, Sirona Dental Systems has traded in a range of $74.38 to $102.89 and is now at $102.34, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

Sirona Dental Systems, Inc. develops, manufactures, and markets a complete line of dental equipment. The Company's products include CAD/CAM restoration equipment (CEREC), digital and film-based intra-oral, panoramic and cephalometric X-ray imaging systems, dental treatment centers and handpieces.

SmarTrend recommended that subscribers consider buying shares of Sirona Dental Systems on April 10th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.37. Since that recommendation, shares of Sirona Dental Systems have risen 11.9%. We continue to monitor SIRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows sirona dental systems

Ticker(s): SIRO