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Allstate Bullish Moving Average Crossover Alert (ALL)

By James Quinn

Allstate (NYSE:ALL) crossed over its 10-day moving average of $70.52 on a volume of 229K 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 $49.18 to $71.53 and is now at $70.82, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Allstate on October 27th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.90. Since that recommendation, shares of Allstate have risen 11.7%. 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