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Bullish Moving Average Cross by Allstate (ALL)

By James Quinn

Today, shares of Allstate (NYSE:ALL) have crossed bullishly above their 10-day moving average of $68.47 on a volume of 344K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Allstate share prices have been bracketed by a low of $54.12 and a high of $70.38 and are now at $68.64, 27% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Allstate on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.81. Since that recommendation, shares of Allstate have risen 7.9%. We continue to monitor ALL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allstate

Ticker(s): ALL