Align Technology Stock Price $334.94 +17.51 (5.52%)
Align Technology, Inc, is a Health Care stock that trades on the NASDAQ and has a market capitalization of $25.50 Billion.
Ideas, Updates & Analysis
ALGN Stock With 2 (Unfinished) Ascending Triangles
Thu, Aug 30, 2018Before I get started, you probably saw Warren Buffett on CNBC today with Becky Quick.
He said something I need to add to my list of Warren Buffett's quotes.
"I don't know when to buy stocks, but I know whether to buy stocks."
- Warren Buffett
If you have time, I recommend watching this.
This morning I was scanning the medical device stocks on Symbol Surfing.
There are many double-digit 12 month gainers in the list and 2 triple-digit gainers.
I started looking closer at Align Technology with a 120% 1 year return.
They are the makers of Invisalign.
I have not seen a 1 year chart like this before.
What I see are 2 "unfinished" ascending triangles.
The ascending triangle is a very powerful bullish indicator.
From my limited experience, the stock price usually will continue to dwindle into a smaller and smaller trading range into the right corner of the triangle then there will be a big move up.
Of course, this is not guaranteed.
With ALGN, the stock price doesn't wait for that.
Maybe they don't care about technical analysis.
The chart pattern formed about 3/4's of the way and then the price took off.
It moved up by $100 or 40%.
I am seeing the same pattern now.
If history repeats itself, this stock could move to $450 or higher.
The stock price reached a new record high today as well.
I bought this stock today.
What do you think about "ALGN Stock With 2 (Unfinished) Ascending Triangles"?
Let me know in the comments section!
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Thu, Aug 30, 2018 ALGN @ $387.05
Align Technology Stock Charts
The 5 year and 1 year stock charts are below.
50 Day Moving Average
The 50 Day Moving Average is at $367.75 which is 8.92% above the stock price of $334.94.
200 Day Moving Average
The 200 Day Moving Average is at 310.73 which is -7.79% abovethe stock price of $334.94.
Because the stock price is between the 50 DMA and 200 DMA, look at other support and resistance trendlines.
ALGN Stock Price
Below are a few key dates for the stock price.
Year To Date
The most recent stock price is $334.94.
The Year To Date (YTD) return is +49.11%.
52 Week Low
The 52 Week Low stock price is $191.80 set on Thu, Oct 19, 2017 which is 363 days ago.
The current price per share is 74.63% above the 52 week low.
52 Week High
The 52 Week High stock price is $398.88 set on Tue, Sep 25, 2018 which is 22 days ago.
The current price per share is -16.03% below the 52 week high.
All Time High
The All Time High stock price is $398.88 set on Tue, Sep 25, 2018 which is 22 days ago.
The current price per share is -16.03% below the all time high.
Earnings
Below is the EPS, P/E Ratio and Earnings Date.
The Earnings Per Share (EPS) is $3.61.
The Price To Earnings (P/E) Ratio is 91.76.
Earnings Dates
Stocks can make big percentage moves on the earnings announcement.
Companies announce earnings either before the market open or after the close.
The Earnings Release Date for Align Technology, Inc was Wed, Jul 25, 2018.
Since this earnings release 84 days ago, the stock price is down by -10.10%.
Many investors know the importance of a companies earnings report. Also, the market reaction to the earnings release can be even more important and can help in making a prediction of a future price forecast of the shares.
A significant post earnings announcement percentage move can continue or reverse an existing trend for several days or weeks after the earnings date.
The next Earnings Release Date is on Wed, Oct 24, 2018, which is in 7 days.
2018-10-24 06:00:002018-10-24 13:00:00America/New_YorkAlign Technology, Inc (ALGN) EarningsVisit http://www.symbolsurfing.com/ALGN for more information.United StatesSymbol Surfinginfo@symbolsurfing.comAlign Technology Dividend
Below is important Dividend information.
ALGN currently does not pay a dividend.
You may like this list of best dividend stocks of 2018.