$ALGN Forming a Cup with Handle?I've been waiting for an entry on $ALGN. They reported earnings last week with a beat and higher guidance. It's been a tough market but I expect to have a breakout of the cup with handle formation. Looks like it has a nice shakeout going here. The proper buy point is the top of the handle. I like early entries as a starter position so I have an alert set just above what I've also drawn as a flagging formation. This might be a good one for your watch list. Ideas, not investing / trading advice.
Reported on Apr 28
From earningswhispers.com:
Align Technology Beats
Align Technology (ALGN) reported 1st Quarter March 2021 earnings of $2.79 per share on revenue of $894.8 million. The consensus earnings estimate was $2.00 per share on revenue of $816.9 million. The Earnings Whisper number was $2.30 per share. Revenue grew 62.4% on a year-over-year basis.
The company said it expects 2021 revenue of $3.70 billion to $3.90 billion. The current consensus revenue estimate is $3.47 billion for the year ending December 31, 2021.
Align Technology Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and CAD/CAM digital services used in dentistry, orthodontics, and dental records storage.
