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Allstate Bullish Moving Average Crossover Alert (ALL)

By Nick Russo

Allstate (NYSE:ALL) crossed over its 10-day moving average of $58.33 on a volume of 1.2 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Allstate share prices have moved between a 52-week high of $72.87 and a 52-week low of $54.12 and are now trading 8% above that low price at $58.50 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Allstate on August 4th, 2015 by issuing a Downtrend alert when the shares were trading at $62.84. Since that call, shares of Allstate have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses allstate

Ticker(s): ALL