XRAY
Outperforming without a clear catalyst yet
- XRAY +3.85% on the last session vs SPY +0.10%: +3.8 pts of stock-specific move.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
Bargain & stretch prices
Prices XRAY only reaches with set odds, from its own recent swings. Odds, not a forecast.
| Today | Next 5 sessions | |
|---|---|---|
| Stretch sell side |
8.64 +2.4% ↑ more often after a new 52-week low
reached 4 in 10 days · 36% vs usual 28% reached today |
8.90 +5.4% reached 3 in 10 weeks |
| Now | 8.77 · prior close 8.44 | |
| Bargain buy side |
8.24 -2.3% ↓ less often while far below its high
reached 2 in 10 days · 24% vs usual 26% |
8.01 -5.2% ↓ less often while far below its high
reached 3 in 10 weeks · 25% vs usual 27% |
More patient or more eager
| Bargain | Reached | Stretch | Reached | |
|---|---|---|---|---|
| Today | ||||
| Patient | 8.18 | 2 in 10 days↓ 15% vs 17% | 8.71 | 3 in 10 days↑ 25% vs 17% |
| Balanced | 8.24 | 2 in 10 days↓ 24% vs 26% | 8.64 | 4 in 10 days↑ 36% vs 28% |
| Eager | 8.30 | 4 in 10 days↓ 40% vs 41% | 8.58 | 5 in 10 days↑ 52% vs 45% |
| Next 5 sessions | ||||
| Patient | 7.87 | 2 in 10 weeks↓ 16% vs 18% | 9.05 | 2 in 10 weeks |
| Balanced | 8.01 | 3 in 10 weeks↓ 25% vs 27% | 8.90 | 3 in 10 weeks |
| Eager | 8.13 | 4 in 10 weeks↓ 41% vs 43% | 8.76 | 5 in 10 weeks |
"3 in 10 days" means the price was reached on about 3 of every 10 days like this one. Patient prices are further away and come less often; eager ones are closer and come more often. From XRAY's daily swings (about 2.4% a day lately), anchored on the Oct 14 close. The odds were measured on 10 years of S&P 500 prices (they move about 3 points from year to year with the market: bargain prices come more often in falling years, stretch prices in rising ones), and where a situation below changed them consistently (in at least 8 of 10 years), they are adjusted and marked. In those tests, waiting for the bargain price did no better on average than buying at the close: what you save when it comes, you pay when it doesn't.
Situations on the Oct 14 close
- Stretch price, next session: reached 36% of days instead of the usual 28% (held in 9 of 10 years)
| Date | That day | 1 week on | 1 month on | 3 months on |
|---|---|---|---|---|
| Sep 17, 2026 | -7.5% | +1.6% | — | — |
| May 19, 2026 | -0.8% | +2.7% | +6.1% | +13.2% |
| Nov 6, 2025 | -12.7% | -0.6% | +0.7% | +26.1% |
| Sep 25, 2025 | -3.9% | +6.1% | +7.4% | -8.1% |
| Apr 1, 2025 | -1.9% | -13.6% | -4.9% | +14.2% |
| Feb 28, 2025 | -3.5% | -1.4% | -8.8% | -2.4% |
| Oct 25, 2024 | -4.5% | +0.8% | -16.3% | -15.1% |
| Aug 6, 2024 | -1.3% | +2.1% | +3.9% | -2.8% |
- Bargain price, next session: reached 24% of days instead of the usual 26% (held in 9 of 10 years)
- Bargain price, next 5 sessions: reached 25% of weeks instead of the usual 27% (held in 10 of 10 years)
Big drop and big gain: among XRAY's own worst or best 10% of daily moves, as on the Aftermath tab. The past times are history: in our tests, how a stock did after its earlier times did not predict the next one, and across the S&P 500 none of these situations leaned up or down except, weakly, an all-time high followed by a big drop. Not advice.
Price ladder
| All-time closing high May 10, 2021 |
62.01 +607.5% |
| 52-week closing high Feb 27, 2026 |
14.68 +67.5% |
| 200-day average | 11.49 +31.1% |
| 50-day average | 10.22 +16.6% |
| Stretch, next 5 sessions | 8.90 +1.5% |
| Now | 8.77 |
| 52-week closing low Oct 14, 2026 |
8.44 -3.7% |
| Previous close Oct 14, 2026 |
8.44 -3.7% |
| Bargain, next 5 sessions | 8.01 -8.7% |
Closing prices (all-time = the 39 years Yahoo has). Percentages are the distance from now. These are levels people watch, not levels the price has to respect. Not advice.