№ 048 · Almanac · · 1 min
What we learned the week ALGN hit its 200-week SMA in 2019.
ALGN touched its 200-week line in 2019. Twelve months later: +66.8%.
ALGN reached the line on August 5, 2019, closing the week at $183.33. Its 200-week mean was $185.60.
Twelve months later: +66.8%. Three years later: +60.3%. Five years later: +16.5%.
From that week to this, the move is −5.3%: $183.33 → $173.66.
, Twelve months at the line is a long way to look down.