Align Technology, Inc. : Profit from the technical rebound
Entry price | Target | Stop-loss | Potential |
---|
US$48.49 |
US$0 |
US$46.8 |
-100% |
---|
Align Technology shows relatively strong fundamentals and is coming back to attractive price.
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.
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