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

By Nick Russo

Shares of Align Technology (NASDAQ:ALGN) traded at a new 52-week high today of $179.76. Approximately 86,000 shares have changed hands today, as compared to an average 30-day volume of 678,000 shares.

Align Technology (NASDAQ:ALGN) is currently priced 14.9% above its average consensus analyst price target of $152.58. The stock should discover initial support at its 50-day moving average (MA) of $71.76 and subsequent support at its 200-day MA of $64.31.

In the past 52 weeks, shares of Align Technology have traded between a low of $77.07 and a high of $179.76 and are now at $179.32, which is 133% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

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 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.71. Since that recommendation, shares of Align Technology have risen 80.3%. 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