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Bearish Moving Average Cross by Allegion Plc (ALLE)

By Nick Russo

Allegion Plc (NYSE:ALLE) shares have crossed bearishly below their 10-day moving average of $102.13 on a volume of 242K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Allegion Plc share prices have moved between a 52-week high of $111.99 and a 52-week low of $74.83 and are now trading 36% above that low price at $101.84 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Allegion Plc and will alert subscribers who have ALLE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses allegion plc

Ticker(s): ALLE