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Allstate: 52-Week High Recently Eclipsed (ALL)

By Shiri Gupta

Shares of Allstate (NYSE:ALL) traded at a new 52-week high today of $87.64. So far today approximately 181,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

The Allstate Corporation, through its subsidiaries, provides property-liability insurance, as well as other types of insurance in the United States and Canada. The Company primarily sells private passenger automobile and homeowners insurance through independent and specialized brokers. Allstate also sells life insurance, annuity, and group pension products through agents.

Allstate (NYSE:ALL) defies analysts with a current price ($87.46) 4.4% above its average consensus price target of $83.62. Allstate shares have support at the 50-day moving average (MA) of $66.11 and additional support at the 200-day MA of $62.71.

Over the past year, Allstate has traded in a range of $54.12 to $87.64 and is now at $87.46, 62% above that low. The 200-day and 50-day moving averages have moved 0.06% lower and 0.24% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Allstate on May 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $84.24. Since that recommendation, shares of Allstate have risen 3.7%. We continue to monitor ALL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows allstate

Ticker(s): ALL