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Shares of Align Technology Fall Below Previous 52-Week Low

By Amy Schwartz

Shares of Align Technology (NASDAQ:ALGN) traded at a new 52-week low today of $172.77. Approximately 214,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

Over the past year, Align Technologyhas traded in a range of $172.77 to $398.88 and are now at $174.14. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.5%.

Potential upside of 71.0% exists for Align Technology, based on a current level of $174.14 and analysts' average consensus price target of $297.77. The stock should find initial resistance at its 200-day moving average (MA) of $254.27 and further resistance at its 50-day MA of $258.23.

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 its subscribers protect gains by selling shares of Align Technology on June 21st, 2019 by issuing a Downtrend alert when the shares were trading at $289.03. Since that call, shares of Align Technology have fallen 39.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows align technology

Ticker(s): ALGN