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Shares of Ally Financial I Rise Above Previous 52-Week High

By James Quinn

Ally Financial I (NYSE:ALLY) traded today at a new 52-week high of $32.59. This new high was reached on below average trading volume as 1.5 million shares traded hands, while the average 30-day volume is approximately 3.4 million shares.

Potential upside of 4.0% exists for Ally Financial I, based on a current level of $32.59 and analysts' average consensus price target of $33.89. Ally Financial I shares have support at the 50-day moving average (MA) of $30.05 and additional support at the 200-day MA of $27.16.

In the past 52 weeks, Ally Financial I share prices have been bracketed by a low of $20.60 and a high of $32.59 and are now at $32.59, 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

Ally Financial Inc. operates as a financial holding company. The Company offers automotive financial services. Ally Financial serves clients in the United States.

SmarTrend recommended that subscribers consider buying shares of Ally Financial I on January 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.89. Since that recommendation, shares of Ally Financial I have risen 37.4%. We continue to monitor ALLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ally financial i

Ticker(s): ALLY