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After Yesterday's Rally of 1.42% Shares Could Potentially Pullback

By Shiri Gupta

Align Technology (NASDAQ:ALGN) traded in a range yesterday that spanned from a low of $91.87 to a high of $93.27. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $92.61 on volume of 322,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 43.1%. We continue to monitor ALGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Align Technology share prices have been bracketed by a low of $52.01 and a high of $93.24 and are now at $93.12, 79% 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%.

Keywords: rebounders align technology

Ticker(s): ALGN