ALGN closes higher for the 5th day in a row
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
Market Conditions for Align Technology
|Bullish Engulfing Candle||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Low close to previous two Lows||TQ Pro Members Only|
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