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Watch for Dentsply Sirona to Potentially Pullback After Gaining 1.21% Yesterday

By Nick Russo

Dentsply Sirona (NASDAQ:XRAY) traded in a range yesterday that spanned from a low of $51.49 to a high of $51.93. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $51.58 on volume of 389,000 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, shares of Dentsply Sirona have traded between a low of $33.93 and a high of $59.40 and are now at $51.70, which is 52% above that low price. The 200-day and 50-day moving averages have moved 0.60% higher and 0.97% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Dentsply Sirona on August 1st, 2019 by issuing a Downtrend alert when the shares were trading at $53.43. Since that call, shares of Dentsply Sirona have fallen 4.3%. 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