Is Align Technology (algn) in oversold territory?

Align Technology (ALGN) has been beaten down lately with too much selling pressure. While the stock has lost 9.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks

Should you buy algn (algn)?

Moreover, ALGN currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term.

Should you invest in Align Technology (algn)?

Investing in stocks inevitably means buying into some companies that perform poorly. But the long term shareholders of Align Technology, Inc. ( NASDAQ:ALGN) have had an unfortunate run in the last three years. Regrettably, they have had to cope with a 57% drop in the share price over that period.