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After Yesterday's Rally of 1.37% Shares Could Potentially Pullback

By David Diaz

Dentsply Sirona (NASDAQ:XRAY) traded in a range yesterday that spanned from a low of $59.34 to a high of $59.59. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $59.08 on volume of 308,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Dentsply Sirona share prices have been bracketed by a low of $39.59 and a high of $60.15 and are now at $59.81, 51% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Dentsply Sirona on October 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.37. Since that recommendation, shares of Dentsply Sirona have risen 8.7%. We continue to monitor XRAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders dentsply sirona

Ticker(s): XRAY