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Bullish Moving Average Cross by Align Technology (ALGN)

By James Quinn

Today, shares of Align Technology (NASDAQ:ALGN) have advanced above their 10-day MA of $76.30 on a volume of 194K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $77.82 and are now at $77.75, which is 49% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

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 18.4%. 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