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Recent 52-Week High Exceeded in Shares of Align Technology (ALGN)

By David Diaz

Shares of Align Technology (NASDAQ:ALGN) traded today at $147.63, breaking its 52-week high. This new high was reached on below average trading volume as 146,000 shares traded hands, while the average 30-day volume is approximately 678,000 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 26.9% above its average consensus analyst price target of $107.73. The stock should find initial support at its 50-day moving average (MA) of $71.76 and further support at its 200-day MA of $64.31.

In the past 52 weeks, shares of Align Technology have traded between a low of $52.01 and a high of $147.63 and are now at $147.40, which is 183% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.3%.

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 47.8%. We continue to monitor ALGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows align technology

Ticker(s): ALGN