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

By Nick Russo

Align Technology (NASDAQ:ALGN) shares have crossed bearishly below their 10-day moving average of $94.16 on a volume of 169K shares. Swing traders may find an opportunity 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 $52.01 and a high of $96.90 and are now at $92.93, which is 79% 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 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 48.7%. 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