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Bearish Moving Average Cross by Align Technology (ALGN)

By Nick Russo

Align Technology (NASDAQ:ALGN) crossed under its 10-day moving average of $176.83 on a volume of 109K shares. This may provide swing traders with 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 $169.84 and are now trading 4% above that low price at $176.28 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 4.5%.

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 38.5%. 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