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Bullish Moving Average Cross by Align Technology (ALGN)

By David Diaz

Align Technology (NASDAQ:ALGN) crossed over its 10-day moving average of $137.78 on a volume of 220K 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.

Align Technology share prices have moved between a 52-week high of $145.24 and a 52-week low of $52.01 and are now trading 166% above that low price at $138.35 per share. 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 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.71. Since that recommendation, shares of Align Technology have risen 37.9%. 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