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Align Technology Crosses Above its 10-day MA (ALGN)

By Shiri Gupta

Today, shares of Align Technology (NASDAQ:ALGN) have crossed bullishly above their 10-day moving average of $177.96 on a volume of 150K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Align Technology have traded between a low of $172.62 and a high of $398.88 and are now at $179.94, which is 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.2% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Align Technology on June 21st, 2019 by issuing a Downtrend alert when the shares were trading at $289.03. Since that call, shares of Align Technology have fallen 39.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses align technology

Ticker(s): ALGN