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

By David Diaz

Align Technology (NASDAQ:ALGN) traded today at a new 52-week high of $83.18. This new high was reached on below average trading volume as 125,000 shares traded hands, while the average 30-day volume is approximately 678,000 shares.

Align Technology share prices have moved between a 52-week high of $83.18 and a 52-week low of $52.01 and are now trading 59% above that low price at $82.95 per share. 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%.

Based on a current price of $82.95, Align Technology is currently 10.2% above its average consensus analyst price target of $74.45. Align Technology shares have support at the 50-day moving average (MA) of $71.76 and additional support at the 200-day MA of $64.31.

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.

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 26.6%. 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