XRAY in bullish trend

As we can see in the blue box, the last time the price of XRAY – DENTSPLY Intl. Inc. – moved below its 20-day exponential moving average was about a month ago.

Since then, XRAY moves in a strong bullish trend between its 10-day exponential moving average and the upper Bollinger Band. At the same time its 20- and 50-day exponential moving averages are rising.

The short candlesticks and their short tails are a sign of the bulls’ strength and determination to push price up in a low volatility environment.

MACD has been moving in positive territory since January, and is currently just under its signal line.

Just as important, XRAY’s Relative Strength has been moving mostly up and above its 20-day exponential moving average since November.