Align Technology, Inc.
Long

$ALGN Risky Long bet on Align Technology, bottom feeders believe

162
Technically the stock has formed a fantastic base since the selloff, possibly earnings could ignite a rally.
Indicators are high but room to run.
MA's are providing great support and all in upward trajectory.
Market expectations are low.
Smiledirectclub has been a disaster since IPO, maybe not that big of competition afterall.
Align offers a professional tried and tested service, unlike SDC.
China is a huge market that is still relatively untapped.
Average analysts price target $256 | Overweight= Considerable upside
P/E ratio still high at 44 once forgiven but not in current market.

Company profile
Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion. The Scanner and Services segment comprises of intraoral scanning systems and additional services available with the intraoral scanners that provide digital alternatives to the traditional cast models. The company was founded by Zia Chishti, Brian Freyburger and Kelsey Wirth in March 1997 and is headquartered in San Jose, CA.

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