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Next Resistance Level for DENTSPLY International (XRAY) is $42.28

Published on Mon, 04/29/2013 - 09:48
By Mallory Stone

Shares of DENTSPLY International (NASDAQ:XRAY) have bullishly opened above the pivot of $41.69 today and have reached the first resistance level of $41.96. Should the shares continue to rise, the resistance pivots of $42.28 and $42.87 will be of interest.

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.

DENTSPLY International has overhead space with shares priced $41.97, or 3.6% below the average consensus analyst price target of $43.56. The stock should find initial support at its 50-day moving average (MA) of $41.85 and further support at its 200-day MA of $39.42.

DENTSPLY International share prices have moved between a 52-week high of $43.63 and a 52-week low of $35.04 and are now trading 20% above that low price at $41.97 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.

By Mallory Stone
mstone@fnno.com