ALGN trade ideas
$ALGN Oversold - Earnings After-Hours$ALGN Align Technology looking oversold on the daily chart, MFI appears to be bottoming. Based on earnings track record, expecting another strong beat when earnings are released post-close today. If poor overall market conditions continue to weigh post-ER, major support is just below around $285 - limiting risk.
*Take note this is a key holding of some major, well-respected hedge funds (i.e. Renaissance Technologies).
Targeting a return to $400 level by January.
Note: Informational analysis, not investment advice.
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.
COME GET YO FRESH HOT ALGN STOCKLooks like a reversal. Smells like a reversal. Also got an Earnings report coming out next week.
Get yo' self some fresh hot ALGN Hopping in real quick before earnings report next week, expecting a nice reversal. Target around $240-250.
Waiting financial datasDuring waiting financial datas I will stay Long despite the Macd shows an impressive divergence. We can see a repetition of what happened between 10/24/2017 and 05/04/2018 but now the price is in an uptrend channel. The market is waiting for the third quarter results of this 2018 that will be published the 24th of this month. If that datas don't be good for the investors the trend could change and I will put a stop loss at price level of 269.02 (level 38 Fibo).
Align broke out above USD385 and likely to breach above USD400.NO END TO THE UPTREND: The minor correction since the “Bearish Engulfing” pattern is reaching limit, Long-term uptrend extends, Bullish view by the Moving Average indicator, A slight buy by the MACD indicator, Potential uptrend above 50 pts (14-day RSI indicator): Buying activities are encouraging.
(Disclaimer: All the information are mean for educational and informational purposes only, and is made available to you as self-help tools for your own use. This is not intended to be a substitute for professional financial advice.)
$ALGN Align Tech Breaking Out of Downtrend$ALGN Align Technology appears to be breaking out of its recent downtrend. Expecting continued follow through in the coming 2-6 weeks. It's worth noting that this stock is a top holding of some major hedge funds. Maybe crooked teeth are considered recession proof and a safe investment?
Near term target - $385
Medium term target - $400
Note: Informational analysis, not investment advice.
H/S Potential Short on a Great Company$ALGN is a cash cow and eliminates its competition before they can take any market share away. I will be looking to enter but this Head and Shoulders is prominent and may cause a pullback on the great multi-year run.
Buy Alert for ALGNMy WT Cross Strategy has alerted me to a buy signal for Align Technologies (ALGN), at a price of $364.51 using a 180-min time frame. My idea is to buy the dip, at price below $364.51. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1000
Average Length - 1
Average Length - 9
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I have a Pro+ subscription for Tradingview, so this gives me access to more data than someone with a free or even a lower tier sub. More data should enable me to construct a more robust model, so your mileage may vary if you are trying to use this strategy for a free account. Please use caution, and be advised. Good Luck All!
ALGN: Align TechnologiesALGN: Earnings on 7/25/2018 AMC. EST 1.09
Looking for an additional purchase with ALGN. First purchased 10 shares at 284, sold 7 at 365.65.
After the initial breakout from the wedge, the stock traded in a tight upward channel to its ATH. ALGN then had some healthy consolidation around the 335 mark and has gained some strong momentum before this upcoming earnings.
MACD: Daily crossing on 7/13/2018, weekly still signaling bullish, continued upward movement after earning will be vital for the chart technicals
Trendlines: Stock initially broke through ath 7/18/2018 and since then has retested resistance at ~369.70 looking like it's formed a soft support. Also following a weak support trendline highlighted in grey.
Looking for another 10%, Waiting for a better entry depending on today/tomorrow.
Pending short on ALGNTracking this 180m chart of ALGN for a potential short opportunity once the stock rolls over. It has been climbing a wall since breaking out of a wave 4 triangle in late April, but momentum is slowing and starting to show divergence. Waiting for price to break trendline support to establish a short position against the high. Expect the subsequent move lower to exceed 10%.
ALGN shows bullish trading activityALGN stock continues to gain alongside accumulation - this is bullish for the stock
Crash is imminent: ALGNALGN has been going up very quickly and very drastically over the past several months. Those who bought this stock a while ago have made a lot, but a crash is on its way. Over the past few weeks, both a head and shoulders pattern and a clear RSI divergence are visible in the stock, yet it continues to surge upwards. Why? Because the RSI is approaching overbought conditions again with each passing day. By the end of the year, a huge crash is imminent. These kinds of patterns and divergences do not just "happen". Share your ideas below.
ALGN - Put Spread (Example of Weekly Option)A put spread, or vertical spread, can be used in a volitile market to leverage anticipated stock movement, while also providing limited risk. Purchasing a put with a higher strike price than the written put provides a bearish strategy. This is done on only ONE option contract, how many contacts? or Risk/Reward.
Underlying stock symbol:
ALGN
Current price: $318.54
Short Put: Write (Sell)
1st June $320.00 Call
Price per option: $4.10
Contracts: 1 x 100
Total cost: $410
Long Put: Buy
1st June $322.50 Call
Price per option: $3.18
Contracts: 1 x 100
Total cost: 318
Spread: Net debit/credit: $0.92 (net credit)
Entry cost: $92 (next credit)- back into your account
Maximum risk: $158 at a price of $322.50 at expiry
Maximum return: $92 at a price of $320 at expiry
Breakevens at expirty: $320.90
$ALGN constructive for the lower trend line to hold$ALGN constructive for the lower trend line to hold
ALGN BuCSALGN above EMA20 in daily chart. Tighter SL below yesterday close. Monitor swing trade by tomorrow, need to sell if not moving or down.
ALGN- H&S formation short from $259.33 to $173, $250 July Put ALGN seems forming a larger frame H&S formation and now falling down from its right shoulder. on the shorter frame it also seems breaking down an upward channel formation. It has great insider selling as high as 60% (11 million dollars). We think it has huge downside potential.
To paly this we could consider $250 July Puts
* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- H&S formation short, Upward channel breakdown
Entry Criteria- $259.33
Exit Criteria- 1st Target $226.13 & 2nd Target $173.33
Stop Loss Criteria- $282.13
Indicator Notes- Twiggs money flow divergence
Special Note- Great insider selling as high as 60% (11 million dollars). Could consider $250 July Puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
