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Bearish Moving Average Cross by Align Technology (ALGN)

By James Quinn

Align Technology (NASDAQ:ALGN) shares have crossed bearishly below their 10-day moving average of $322.02 on a volume of 121K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Align Technology share prices have moved between a 52-week high of $398.88 and a 52-week low of $177.93 and are now trading 78% above that low price at $317.01 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.7%.

SmarTrend recommended that subscribers consider buying shares of Align Technology on March 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $250.76. Since that recommendation, shares of Align Technology have risen 28.8%. 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