Bulls Smiling at Align Technology (ALGN)

Shares of Align Technology

are higher on the session by 1.65%, currently trading at $19.74. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $20.00 call was purchased 900 times, on the offer, on open interest of 1,794 contracts and the Jan $22.50 call was purchased 500 times on open interest of only 222 contracts. Overall call volume is now running at 10.21x the daily average with 97% of all calls traded being purchases on the offer. Align Technology, Inc. designs, manufactures, and markets the Invisalign system, a method for treating malocclusion, or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position.