Do Traders Think Align Technology, Inc. (ALGN) Can Keep Climbing Friday?

Align Technology, Inc. (ALGN) stock is higher by 7.39% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Align Technology, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALGN!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ALGN Stock Today?

Align Technology, Inc. (ALGN) stock has gained 1.25% while the S&P 500 has fallen -0.57% as of 11:37 AM on Friday, Jul 30. ALGN has risen $8.43 from the previous closing price of $676.98 on volume of 311,575 shares. Over the past year the S&P 500 is higher by 34.85% while ALGN has risen 128.29%. ALGN earned $8.77 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 78.28. To screen for more stocks like Align Technology, Inc. click here.

More About Align Technology, Inc.

Align Technology is a medical (dental) device company primarily known for the Invisalign system, which is an alternative to traditional braces to correct a wide range of malocclusions. The company also manufactures intraoral scanners and computer-aided design/computer-aided manufacture digital services to support the customization of these liners. Historically, only orthodontists serviced this product, but more recently the company has expanded its direct marketing efforts to include generalists (dentists) and consumers. Click Here to get the full Stock Report for Align Technology, Inc. stock.