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Allstate Bullish Moving Average Crossover Alert (ALL)

By Amy Schwartz

Allstate (NYSE:ALL) crossed over its 10-day moving average of $55.22 on a volume of 233K 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.

Over the past year, Allstate has traded in a range of $45.60 to $55.93 and is now at $55.33, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Allstate on February 12th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.51. Since that recommendation, shares of Allstate have risen 4.9%. We continue to monitor ALL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allstate

Ticker(s): ALL