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Saturday, October 29, 2011

Align Technology Inc. (ALGN) Stock Up 52%

After a horrible summer, Align Technology Inc. (ALGN) is now up 52% in the past month

The following is Align Technology Inc. (ALGN) stock technical analysis for October 29, 2011

Align Technology Inc. (ALGN) Support & Resistance Levels - 10/29/11

Resistance Levels: $24.16

Support Levels: $23

Chart - http://www.stockcharts.com/

Align Technology Inc. (ALGN) stock has rallied back from the dead this week, jumping over 35% to close at $23.65. ALGN stock is up 52% over the last 30 days after sell exhaustion and a blowout earnings report. ALGN shorts have been just getting pounded lately and the stock is now back above all three major moving averages. Align Technology Inc. (ALGN) will have support at $23 and resistance at $24.16 next week.

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