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After Yesterday's Decline of 2.95%, Align Technology Offers Investors Better Value

By David Diaz

Align Technology (NASDAQ:ALGN) traded in a range yesterday that spanned from a low of $200.36 to a high of $205.07. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $206.43 on volume of 600,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Align Technology have traded between a low of $127.88 and a high of $332.14 and are now at $199.10, which is 56% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 0.44% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Align Technology and will alert subscribers who have ALGN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders align technology

Ticker(s): ALGN