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Bearish Moving Average Cross by Ally Financial I (ALLY)

By Amy Schwartz

Today, shares of Ally Financial I (NYSE:ALLY) have crossed bearishly below their 10-day moving average of $30.84 on a volume of 131K 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.

In the past 52 weeks, shares of Ally Financial I have traded between a low of $20.60 and a high of $35.42 and are now at $30.47, which is 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

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