After reporting blowout first quarter earnings after the market closed on Apr. 28, Align Technology (NASDAQ:) tock took a sharp break to the upside on higher-than-average volume in early trading. But ALGN stock is giving up those gains on what I can only believe is investors looking to take profits.
The same pattern emerged after the company last reported earnings in February. At that time, ALGN stock dropped 20% before starting its recent climb. Is a similar pattern emerging? It could be. Short interest has been rising in the last month.
This means you may not want to jump on