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

By David Diaz

Today, shares of Align Technology (NASDAQ:ALGN) have fallen below their 10-day MA of $158.09 on a volume of 219K 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.

In the past 52 weeks, shares of Align Technology have traded between a low of $77.07 and a high of $161.81 and are now at $157.57, which is 104% above that low price. 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 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 60.8%. 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