Align Technology

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Align Technology ( ALGN) designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing digital services used in dentistry, orthodontics, and dental records storage. This stock is trading up 2.8% at $34.49 in recent trading.

Today's Volume: 985,000

Average Volume: 1 million

Volume % Change: 56%

>>6 Oversold Stocks Ready to Bounce Higher

From a technical perspective, ALGN is jumping higher here with decent volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once ALGN takes out some near-term overhead resistance at $35.15 with high volume.

Traders should look for long-biased trades if ALGN can sustain a move or close above $35.15 with volume that's near or above 1 million shares. At last check, ALGN has hit an intraday high of $34.86 and volume is just a big below its three-month average action. If that breakout triggers soon, then ALGN has a great chance of continuing its uptrend towards $40.

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