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Allstate Corp Crosses Below its 10-day MA (ALL)

By Shiri Gupta

Allstate Corp (NYSE:ALL) shares have crossed bearishly below their 10-day moving average of $88.65 on a volume of 168K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Allstate Corp share prices have moved between a 52-week high of $90.74 and a 52-week low of $65.27 and are now trading 36% above that low price at $88.54 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Allstate Corp 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 Corp have risen 5.7%. We continue to monitor ALL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allstate corp

Ticker(s): ALL