Shares of Align Technology ALGN are higher on the session by 1.30%, currently trading at $21.10. The stock has been moving largely higher over the past three 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 March 2011 $20.00 call was purchased 1,200 times, on the offer, on open interest of 39 contracts.
Overall call volume is now running at 5.74x the daily average with 86% 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.
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