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Ally Financial I: The Winning Streak Continues (ALLY)

By James Quinn

Shares of Ally Financial I (NYSE:ALLY) traded at a new 52-week high today of $34.37. This new high was reached on below average trading volume as 946,000 shares traded hands, while the average 30-day volume is approximately 3.1 million shares.

Ally Financial Inc. operates as a financial holding company. The Company offers automotive financial services. Ally Financial serves clients in the United States.

Ally Financial I (NYSE:ALLY) is currently priced 1.4% above its average consensus analyst price target of $33.89. The stock should find initial support at its 50-day moving average (MA) of $31.74 and further support at its 200-day MA of $28.25.

In the past 52 weeks, shares of Ally Financial I have traded between a low of $20.60 and a high of $34.37 and are now at $34.37, which is 67% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in Ally Financial I. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ally Financial I in search of a potential trend change.

Keywords: 52 week high/lows ally financial i

Ticker(s): ALLY