Align Technology, Inc. : Profit from the technical rebound
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$48.49 | $0 | $46.8 | -100% |
Fundamentals of the stock are showing important growth perspective for the next years. Price target of analysts let think about a 36% potential on the stock at USD 48.5.
The stock is currently oversold and is trading in a short-term bearish trend. This trend should be reversed after contact with the USD 48.05 area. Align Technology should be able to confirm its rebound in further sessions. This support means a trading opportunity in order to anticipate a technical rebound toward USD 52.85.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Align Technology in a good timing. The potential gain is 9%. Investors might placed a stop loss order at USD 46.8 in order to avoid important losses.