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

By Shiri Gupta

Today, shares of Allstate Corp (NYSE:ALL) have fallen below their 10-day MA of $103.38 on a volume of 269K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Allstate Corp share prices have been bracketed by a low of $77.00 and a high of $107.43 and are now at $103.17, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Allstate Corp on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.65. 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