Sirona Dental Systems

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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.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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