DevinBoyle55
Long

$ALGN Oversold - Earnings After-Hours

NASDAQ:ALGN   ALIGN TECHNOLOGY INC
$ALGN Align Technology looking oversold on the daily chart , MFI appears to be bottoming. Based on earnings track record, expecting another strong beat when earnings are released post-close today. If poor overall market conditions continue to weigh post-ER, major support is just below around $285 - limiting risk.

*Take note this is a key holding of some major, well-respected hedge funds (i.e. Renaissance Technologies).


Targeting a return to $400 level by January.




Note: Informational analysis, not investment advice.
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