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Sirona Dental Systems(SIRO) is a manufacturer of dental equipment. Sirona operates in three segments: Dental CAD/CAM Systems, Imaging Systems, Treatment Centers and Instruments. This stock is trading up 1% at $43.58 in recent trading.
Today's Volume: 336,000
Average Volume: 428,542
Volume % Change: 50%.
Shares of SIRO are moving modestly higher today after Robert W. Baird upgraded the stock to outperform from neutral.
From a technical perspective, SIRO is moving modestly higher here with decent volume. This move is pushing the stock within range of triggering a near-term breakout trade. That trade will hit once SIRO takes out its 50-day
moving average of $45.30, its 200-day moving average of $46 and some near-term overhead resistance at $46.59 with high volume.
Traders should now look for long-biased trades once SIRO sustains a move or close above those levels with volume that's near or above 428,542 shares. If we get that action soon, then SIRO could spike higher towards $49 to $52 in the near future. On the flipside, I would avoid any long trades and possibly look for short trades if SIRO fails to clear both its 50-day and 200-day with solid volume.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.