Is This Stock a Screaming Buy: Align Technology Inc. (NASDAQ:ALGN)

Equity Research firms currently have a positive stance on shares of Align Technology Inc. (NASDAQ:ALGN). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $99.58 on a short term basis.

At the time of writing, the stock was trading at $89.29. This represents a change from the opening price of -0.53%. In terms of performance, year to date, the stock is 35.82%. The monthly stock performance comes in at -7.11%. For the quarter, shares are performing at 7.85%. Weekly performance analysis shows the equity at -3.21%.

In taking a look at technical levels, shares are trading -3.97% away from the 50 day simple moving average and 15.25% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -7.85% away from it’s 52- week high and 61.41% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Align Technology Inc.’s RSI stands at 37.38. In looking at volatility levels, the shares saw weekly volatility of 2.60% and 2.13% over the past month.

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