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Allison Transmis Bearish Moving Average Crossover Alert (ALSN)

By Shiri Gupta

Today, shares of Allison Transmis (NYSE:ALSN) have crossed bearishly below their 10-day moving average of $46.09 on a volume of 106K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Allison Transmis has traded in a range of $40.35 to $53.76 and is now at $45.76, 13% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Allison Transmis on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.42. Since that recommendation, shares of Allison Transmis have risen 4.7%. We continue to monitor ALSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allison transmis

Ticker(s): ALSN