Align Technology, Inc. : An opportune entry point
Entry price | Target | Stop-loss | Potential |
---|
$54.96 |
$0 |
$52.4 |
-100% |
---|
Align Technology could regain its upward trend after having run out of steam.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of 1.73 USD per share for the current year.
Following a bullish wave, the stock now shows a slight decline that has lead towards its USD 53.7 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term. In fact, this threshold has been tested so many times without breakdown and it should be a basis for an upward movement.
The decline on the USD 53.7 area offers a good point for a purchase to target USD 58.7. A stop loss will be fixed below the entry point to limit the risk.
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