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

By Shiri Gupta

Today, shares of Ally Financial I (NYSE:ALLY) have crossed bearishly below their 10-day moving average of $27.00 on a volume of 476K 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.

Over the past year, Ally Financial I has traded in a range of $21.81 to $31.29 and is now at $26.84, 23% above that low. The 200-day and 50-day moving averages have moved 0.09% higher and 0.23% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Ally Financial I and will alert subscribers who have ALLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ally financial i

Ticker(s): ALLY