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Align Technology Bearish Moving Average Crossover Alert (ALGN)

By Nick Russo

Today, shares of Align Technology (NASDAQ:ALGN) have crossed bearishly below their 10-day moving average of $93.75 on a volume of 124K shares. This may provide short-term investors a chance 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 $96.90 and is now at $93.42, 80% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Align Technology on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.17. Since that recommendation, shares of Align Technology have risen 46.7%. 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