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Bullish Moving Average Cross by Ally Financial I (ALLY)

By Amy Schwartz

Today, shares of Ally Financial I (NYSE:ALLY) have advanced above their 10-day MA of $31.50 on a volume of 410K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Ally Financial I share prices have been bracketed by a low of $20.60 and a high of $35.42 and are now at $31.70, 54% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.7%.

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