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Align Technology: 52-Week High Recently Eclipsed (ALGN)

By Amy Schwartz

Shares of Align Technology (NASDAQ:ALGN) traded today at $156.19, breaking its 52-week high. Approximately 72,000 shares have changed hands today, as compared to an average 30-day volume of 678,000 shares.

Align Technology share prices have moved between a 52-week high of $156.19 and a 52-week low of $77.07 and are now trading 101% above that low price at $155.25 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

Align Technology, Inc. designs, manufactures, and markets the Invisalign System, a method for treating the misalignment of teeth. The Company's system corrects the misalignment using a series of clear, removable appliances that move teeth to a desired final position.

Based on a current price of $155.25, Align Technology is currently 1.7% above its average consensus analyst price target of $152.58. The stock should find initial support at its 50-day moving average (MA) of $71.76 and further support at its 200-day MA of $64.31.

SmarTrend recommended that subscribers consider buying shares of Align Technology on February 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.71. Since that recommendation, shares of Align Technology have risen 56.3%. We continue to monitor ALGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows align technology

Ticker(s): ALGN