Thursday, April 19, 2018 11:44:12 AM
Align Technology Inc (NASDAQ-ALGN) designs, manufactures and markets a system of clear aligner therapy for the misalignment of teeth. Last night, the stock was downgraded by Morgan Stanley (NYSE:MS). Today, the stock price is declining sharply lower by 9.58 percent to $250.52 a share. Traders should note that the stock is now trading below the 50-day moving average. This puts the stock in a weak technical position and will usually signal further downside in the near term. The stock will still have very good daily chart support around the $238.50 level. This area is where the stock was defended at the start of April. Please understand, daily chart support levels are usually good for about 3 to 5 trading days.
Nicholas Santiago
InTheMoneyStocks
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