ALGN closes higher for the 5th day in a row
Align Technology Inc. (ALGN) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving higher for the 5th day in a row, ALGN finished Thursday at 366.27 gaining $2.78 (0.76%). Today's closing price of 366.27 marks the highest close since Inception. Closing above Wednesday's high at 365.76, Align Technology confirms its breakout through the previous session's high having traded $4.71 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (ALGN as at Jun 14, 2018):
Thursday's trading range was $6.47 (1.78%), that's below last trading month's daily average range of $8.68. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.