Align Technology (ALGN) : Traders are bullish on Align Technology (ALGN) as it has outperformed the S&P 500 by a wide margin of 4.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.46%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.39% in the last 1 week, and is up 8.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.2% and the 50-Day Moving Average is 10.66%. Align Technology Inc. is up 23.49% in the last 3-month period. Year-to-Date the stock performance stands at 35.38%.
Align Technology (NASDAQ:ALGN): stock turned positive on Friday. Though the stock opened at $85.25, the bulls momentum made the stock top out at $89.58 level for the day. The stock recorded a low of $85.15 and closed the trading day at $89.15, in the green by 4.54%. The total traded volume for the day was 1,811,124. The stock had closed at $85.28 in the previous days trading.
Align Technology, Inc. (Align) is a medical device company. The Company designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services for dentistry, orthodontics, and dental records storage. The Company operates through two segments: Clear Aligner, known as the Invisalign system, and Scanners and Services, known as the iTero intraoral scanner and OrthoCAD services. The Companys Clear Aligner segment provides malocclusion and orthodontic treatment. The Companys Scanners and Services Segment offers iTero intraoral scanner, which utilizes laser and optical scanning to capture the contours of the patients dentition, gingival structures and the bite. It distributes products directly to customers, including orthodontists and general practitioner dentists (GPs), as well as to restorative dentists, including prosthodontists, periodontists and oral surgeons.