The Chart of the Day belongs to Dentsply International (XRAY). I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/27 the stock gained 19.07%.
Dentsply International Inc. designs, develops, manufactures and markets products in two principal categories: dental consumable and laboratory products, and dental equipment. Dental consumable and laboratory products include dental prosthetics, endodontic instruments and materials, impression materials, restorative materials, crown and bridge materials, prophylaxis paste, dental sealants, cutting instruments, dental needles, dental anesthetics, and orthodontic appliances.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 8.44% in the last month
- Relative Strength Index 76.32%
- Barchart computes a technical support level at 55.26
- Recently traded at 55.64 with a 50 day moving average of 49.77
Fundamental factors:
- Market Cap $7.89 billion
- P/E 22.16
- Dividend yield .48%
- Revenue expected to increase by .20% this year and another 2.40% next year
- Earnings estimated to gain by 7.20% this year, an additional 7.90% next year and continue to compound at an annual rate of 12.00% for the next 5 years
- Wall Street analysts issued 4 strong buy, 1 buy, 7 hold and 1 under perform recommendation on the stock.
Use a moving stop loss 10% below the recent high as an exit point.
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