ALGN LongThe Entry
ALGN has had repeatedly good earnings and I believe last week's crash is an opportunity given the situation was largely driven by the broader market
The Situation
Entering trade because ALGN current price is nicely positioned above the 200MA line and is one of the few stocks that has managed to be in this position despite last weeks crash.
RSI shows the price exiting the oversold area
Issues
I'm betting on a positive reaction to the earnings report on the 23 Oct. I'm slightly not comfortable with this but the price decline makes it somewhat tasty.
I think this should be a short term trade that I should close a day or 2 days after earnings.