Align Technology, Inc. (NASDAQ: ALGN)

Align Technology, Inc. operates as a medical device company primarily in the United States and internationally. It designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services that are used in dentistry, orthodontics, and dental records storage. The company operates through two segments: Clear Aligner, and Scanners and CAD/CAM Services.
Please take a look at the 6-month chart of ALGN (Align Technology, Inc.) below with my added notations:

ALGN hasn’t really done a whole lot over the last 6 months having traded in the mid-50′s most of the time. There are 3 very common price levels on this stock during those 6 months: $52 (blue), $56 (green) and $60 (red). Each of those prices has been both support and resistance multiple times. Recently the stock fell below $52, which should lead to lower prices, most likely to the next $4 increment down ($48).

The Tale of the Tape: ALGN just broke its $52 support. A long trade could be made on a break back above $52 with an expectation of a run to $56. A short trade could be made on a rally up to $52 with a stop placed above that level.
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