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After Yesterday's Rally of 2.33% Shares Could Potentially Pullback

By James Quinn

Dentsply Sirona (NASDAQ:XRAY) traded in a range yesterday that spanned from a low of $49.07 to a high of $50.25. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $49.87 on volume of 903,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Dentsply Sirona has traded in a range of $48.25 to $68.98 and is now at $50.15, 4% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dentsply Sirona on January 10th, 2018 by issuing a Downtrend alert when the shares were trading at $64.12. Since that call, shares of Dentsply Sirona have fallen 23.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders dentsply sirona

Ticker(s): XRAY