When (ALGN) Moves Investors should Listen

January 06, 2024, 00:16 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALGN

• Buy ALGN slightly over 213.02 target 269.3 stop loss @ 212.4 Details

The technical summary data tells us to buy ALGN near 213.02 with an upside target of 269.3. This data also tells us to set a stop loss @ 212.4 to protect against excessive loss in case the stock begins to move against the trade. 213.02 is the first level of support below 264.68 , and by rule, any test of support is a buy signal. In this case, support 213.02 would be being tested, so a buy signal would exist.

• Short ALGN slightly under 269.3, target 213.02, stop loss @ 270.08 Details

The technical summary data is suggesting a short of ALGN as it gets near 269.3 with a downside target of 213.02. We should have a stop loss in place at 270.08though. 269.3 is the first level of resistance above 264.68, and by rule, any test of resistance is a short signal. In this case, if resistance 269.3 is being tested, so a short signal would exist.

Swing Trading Plans for ALGN

• Buy ALGN slightly over 269.3, target 273.91, Stop Loss @ 268.52 Details

If 269.3 begins to break higher, the technical summary data tells us to buy ALGN just slightly over 269.3, with an upside target of 273.91. The data also tells us to set a stop loss @ 268.52 in case the stock turns against the trade. 269.3 is the first level of resistance above 264.68, and by rule, any break above resistance is a buy signal. In this case, 269.3, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALGN slightly near 269.3, target 259.91, Stop Loss @ 270.08. Details

The technical summary data is suggesting a short of ALGN if it tests 269.3 with a downside target of 259.91. We should have a stop loss in place at 270.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 269.3, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ALGN

• Buy ALGN slightly over 269.3, target 273.91, Stop Loss @ 268.67 Details

If 269.3 begins to break higher, the technical summary data tells us to buy ALGN just slightly over 269.3, with an upside target of 273.91. The data also tells us to set a stop loss @ 268.67 in case the stock turns against the trade. 269.3 is the first level of resistance above 264.68, and by rule, any break above resistance is a buy signal. In this case, 269.3, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALGN slightly near 269.3, target 259.91, Stop Loss @ 269.93. Details

The technical summary data is suggesting a short of ALGN if it tests 269.3 with a downside target of 259.91. We should have a stop loss in place at 269.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 269.3, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Align Technology Inc. (ALGN) available here: ALGN.

ALGN Ratings for January 06:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	213.02
P2	250.72	259.91	269.3
P3	259.29	273.91	328.33

AI Generated Signals for ALGN

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Align Technology Inc. (NASDAQ: ALGN) report below is a real world example. Included are trading plans for ALGN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.