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

By David Diaz

Shares of Align Technology (NASDAQ:ALGN) traded at a new 52-week high today of $82.63. Approximately 71,000 shares have changed hands today, as compared to an average 30-day volume of 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.

In the past 52 weeks, shares of Align Technology have traded between a low of $52.01 and a high of $82.63 and are now at $81.82, which is 57% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 1.31% higher over the past week, respectively.

Align Technology (NASDAQ:ALGN) is currently priced 9.0% 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.

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 28.6%. 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