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Bullish Moving Average Cross by Ally Financial I (ALLY)

By David Diaz

Today, shares of Ally Financial I (NYSE:ALLY) have crossed bullishly above their 10-day moving average of $26.75 on a volume of 626K 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.

Ally Financial I share prices have moved between a 52-week high of $31.29 and a 52-week low of $14.84 and are now trading 82% above that low price at $26.95 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

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: moving crosses ally financial i

Ticker(s): ALLY