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Align Technology: The Winning Streak Continues (ALGN)

By David Diaz

Align Technology (NASDAQ:ALGN) traded today at a new 52-week high of $302.49. This new high was reached on below average trading volume as 182,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

Align Technology, Inc. designs, manufactures, and markets the Invisalign System, a method for treating the misalignment of teeth. The Company's system corrects the misalignment using a series of clear, removable appliances that move teeth to a desired final position.

Align Technology (NASDAQ:ALGN) is currently priced 1.0% above its average consensus analyst price target of $297.77. The stock should find initial support at its 50-day moving average (MA) of $262.45 and further support at its 200-day MA of $232.30.

In the past 52 weeks, Align Technology share prices have been bracketed by a low of $134.68 and a high of $302.49 and are now at $300.70, 123% above that low price. The 200-day and 50-day moving averages have moved 1.34% higher and 1.18% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Align Technology. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Align Technology in search of a potential trend change.

Keywords: 52 week high/lows align technology

Ticker(s): ALGN