ALGN trade ideas
ALGN gapMACD bear divergence, heading to 0-line
Looking to fill gap
Dec-20 puts strike $255 for 0.80 ea
ALGN Short-Term Basing Bottom FormationA typical High Frequency Trader gap down was halted by Dark Pool Quiet Accumulation. ALGN gapped up recently to test the bottom completion resistance level.
Earnings BeatEarnings Beat and Guided Revs up 20% above cons! wow PT 272; 25% above current SP
MACD pointed up, and chart ready to fill that GAP!
$ALGN Risky Long bet on Align Technology, bottom feeders believeTechnically the stock has formed a fantastic base since the selloff, possibly earnings could ignite a rally.
Indicators are high but room to run.
MA's are providing great support and all in upward trajectory.
Market expectations are low.
Smiledirectclub has been a disaster since IPO, maybe not that big of competition afterall.
Align offers a professional tried and tested service, unlike SDC.
China is a huge market that is still relatively untapped.
Average analysts price target $256 | Overweight= Considerable upside
P/E ratio still high at 44 once forgiven but not in current market.
Company profile
Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion. The Scanner and Services segment comprises of intraoral scanning systems and additional services available with the intraoral scanners that provide digital alternatives to the traditional cast models. The company was founded by Zia Chishti, Brian Freyburger and Kelsey Wirth in March 1997 and is headquartered in San Jose, CA.
$ALGN Reversal well under way in Align technology.Entry level $202.33 = Target price $219.38 = Stop loss $197.37
Longer term price target $270 which fills the post earnings gap.
Fears over the exposure to the Chinese market and competition from NASDAQ:SDC lead to a capitulation in the stock price throughout 2019.
We believe that the SDC competition is not as significant as believed and as for the China issue the days to follow will determine what the near term future will be.
ALGN at Long-Term Support LevelALGN gapped down at the end of July on weak earnings news. It has now collapsed to a strong long-term support level. The final capitulation by Smaller Funds managers has ended. The consistency of the candlestick pattern with closely aligned lows and an early Shift of Sentiment™ pattern on the Balance of Power Indicator reveals some Dark Pool Quiet Rotation™ at this level.
Technical CorrectionIn daily, the indicators show an extreme sold of the stock. I think we can play a technical rebound with a tight SL.
In long terme, nothing shows a change in this long down trend.
$ALGN great risk reward ratioALGN at this moment may go down but it has some serious risk reward ratio. They are also the best in the industry which makes them the Apple of this segment. It could go down from here so keep dollar cost averaging but definitely a great buy for Long term.
ALGN - Normalizing the Oversold ConditionALGN - Profiting Me Finance is continuing to mark this stock has Bearish. But the price is Normalizing its Oversold Condition, for now. Then, it is necessary to wait for more time. The price has a negative over-extension that is ~ -16.30%. It tends to become Climactic. Then, it will tend to mark a Reaction Wave that will advance the price in an Automatic Rally. The risk of trading will decrease at the end of the normalization process. This can develop a trading area.
I hope this can help.
Thank you
#GirolamoAloe
Align Technology Announces $200 Million Accelerated Stock RepurcALGN: Align Technology, Inc.
2019-07-31 08:00:00
Align Technology Announces $200 Million Accelerated Stock Repurchase Program
Align sitting on critical support, 40% downside potential.Huge disappointment for ALGN investors but it is something that they have become accustomed to, Oct 18 the stock seen a similar decline from which it recovered eventually. They major decline was brought about by guidance which was very negative as Align CEO Joseph Hogan said there's still a broad-based growth story at ALGN, one the company needs to do a better job sharing with investors. He said Align continues to see growth around the globe except in China, which is the company's second-biggest market. While Align had forecast 70% growth in China, the company is now expecting only 20% to 30%. Hogan said it's not a competitive or operational problem in China, but more of a consumer backlash, one he expects will rectify itself.
When asked specifically about Chinese competitors, Hogan said Align hasn't seen any significant changes in market share. Align operates in the higher end of the market, Hogan said, and its market share is usually stable. Source the street.
Trade setup Short below $180, support very limited to $120-$100. Its is not ubthinakle as competition and trade will continue to weigh on the stock.
AVERAGE ANALYSTS PRICE TARGET $268
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 39
SHORT INTEREST 5.3%
Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion. The Scanner and Services segment comprises of intraoral scanning systems and additional services available with the intraoral scanners that provide digital alternatives to the traditional cast models. The company was founded by Zia Chishti, Brian Freyburger and Kelsey Wirth in March 1997 and is headquartered in San Jose, CA.
