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SmarTrend Watching for Potential Pullback in Shares of Dentsply Sirona After 2.33% Gain

By Shiri Gupta

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.

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.

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%.

Keywords: rebounders dentsply sirona

Ticker(s): XRAY