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

By Shiri Gupta

Align Technology (NASDAQ:ALGN) traded today at a new 52-week high of $358.02. Approximately 166,000 shares have changed hands today, as compared to an average 30-day volume of 992,000 shares.

Align Technology (NASDAQ:ALGN) is currently priced 16.3% above its average consensus analyst price target of $297.77. Align Technology shares have support at the 50-day moving average (MA) of $284.31 and additional support at the 200-day MA of $244.93.

In the past 52 weeks, Align Technology share prices have been bracketed by a low of $139.00 and a high of $358.02 and are now at $355.94, 156% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.2%.

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 May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $263.14. Since that recommendation, shares of Align Technology have risen 34.6%. 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