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Shares of Align Technology Rise to a New 52-Week High

By Amy Schwartz

Align Technology (NASDAQ:ALGN) traded today at a new 52-week high of $321.85. This new high was reached on below average trading volume as 232,000 shares traded hands, while the average 30-day volume is approximately 1.1 million 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.

Over the past year, Align Technology has traded in a range of $136.26 to $321.85 and is now at $320.95, 136% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.0%.

Align Technology (NASDAQ:ALGN) is currently priced 7.2% above its average consensus analyst price target of $297.77. Align Technology shares have support at the 50-day moving average (MA) of $265.17 and additional support at the 200-day MA of $234.99.

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 20.5%. 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