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Upgrade Alert for DENTSPLY International (XRAY)

By David Diaz

DENTSPLY International (NASDAQ:XRAY) was upgraded from Equal Weight to Overweight at Morgan Stanley today. The stock closed yesterday at $58.40 on volume of 2.4 million shares, above average daily volume of 1.3 million.

In the past 52 weeks, DENTSPLY International share prices have been bracketed by a low of $49.48 and a high of $65.83 and closed yesterday at $58.40, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

DENTSPLY International Inc. manufactures and distributes dental supplies on a worldwide basis. The Company's products include dental prosthetics, endodontic instruments, dental sealants, ultrasonic scalers, dental x-ray equipment, and intraoral cameras.

There is potential upside of 13.0% for shares of DENTSPLY International based on a current price of $58.40 and an average consensus analyst price target of $66.00. The stock should find resistance at its 50-day moving average (MA) of $60.76, as well as support at its 200-day MA of $57.97.

SmarTrend recommended that its subscribers protect gains by selling shares of DENTSPLY International on August 8th, 2016 by issuing a Downtrend alert when the shares were trading at $61.46. Since that call, shares of DENTSPLY International have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades dentsply international

Ticker(s): XRAY