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Align Technology Bearish Moving Average Crossover Alert (ALGN)

By James Quinn

Align Technology (NASDAQ:ALGN) shares have crossed bearishly below their 10-day moving average of $147.23 on a volume of 697K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Align Technology has traded in a range of $52.01 to $153.93 and is now at $140.90, 171% above that low. 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%.

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 50.8%. We continue to monitor ALGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses align technology

Ticker(s): ALGN