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Align Technology Rises 2.24% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Align Technology (NASDAQ:ALGN) traded in a range yesterday that spanned from a low of $263.02 to a high of $267.57. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $267.21 on volume of 263,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Align Technology has traded in a range of $77.07 to $287.32 and is now at $267.09, 247% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in Align Technology. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Align Technology in search of a potential trend change.

Keywords: rebounders align technology

Ticker(s): ALGN