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Ally Financial I Crosses Above its 10-day MA (ALLY)

By James Quinn

Ally Financial I (NYSE:ALLY) crossed over its 10-day moving average of $31.80 on a volume of 1.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Ally Financial I has traded in a range of $20.60 to $33.34 and is now at $33.34, 62% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Ally Financial I on January 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.89. Since that recommendation, shares of Ally Financial I have risen 37.4%. We continue to monitor ALLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ally financial i

Ticker(s): ALLY