Stock Chart Analysis ALGN

Posted by downtowntrader | 8/07/2007 09:42:00 PM | 0 comments »

Stock Chart Analysis ALGN

Align Technology, Inc. (Public, NASDAQ:ALGN)

ALGN bounced strongly off the 50 day sma yesterday forming a hammer at support. The 50 day sma also happened to line up with the previous breakout area, which often is an area where traders who missed out on the initial move pounce on a second chance. If the markets follow through the next few days, then ALGN is poised to challenge recent highs.

Good Trading,


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