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Allstate Bullish Moving Average Crossover Alert (ALL)

By Shiri Gupta

Allstate (NYSE:ALL) shares have crossed bullishly above their 10-day moving average of $67.23 on a volume of 370K 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 $54.12 to $72.51 and is now at $67.33, 24% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Allstate on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.81. Since that recommendation, shares of Allstate have risen 5.5%. 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