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Look for Shares of Align Technology to Potentially Pullback after Yesterday's 1.25% Rise

By Shiri Gupta

Align Technology (NASDAQ:ALGN) traded in a range yesterday that spanned from a low of $176.42 to a high of $179.96. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $177.40 on volume of 459,000 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 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 78.7%. We continue to monitor ALGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Align Technology has traded in a range of $77.07 to $179.96 and is now at $178.39, 131% 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%.

Keywords: rebounders align technology

Ticker(s): ALGN