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Recent 52-Week High Exceeded in Shares of Allegion Plc (ALLE)

By Nick Russo

Shares of Allegion Plc (NYSE:ALLE) traded at a new 52-week high today of $100.57. So far today approximately 54,000 shares have been exchanged, as compared to an average 30-day volume of 705,000 shares.

Allegion Plc (NYSE:ALLE) is currently priced 8.6% above its average consensus analyst price target of $91.90. The stock should find initial support at its 50-day moving average (MA) of $91.83 and further support at its 200-day MA of $87.32.

In the past 52 weeks, shares of Allegion Plc have traded between a low of $73.85 and a high of $100.57 and are now at $100.57, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

SmarTrend recommended that subscribers consider buying shares of Allegion Plc on April 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.67. Since that recommendation, shares of Allegion Plc have risen 5.6%. We continue to monitor ALLE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows allegion plc

Ticker(s): ALLE