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After Yesterday's Decline of 1.16%, Allegion Plc Offers Investors Better Value

By David Diaz

Allegion Plc (NYSE:ALLE) traded in a range yesterday that spanned from a low of $88.01 to a high of $89.23. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $88.96 on volume of 256,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Allegion Plc have traded between a low of $73.85 and a high of $90.18 and are now at $88.30, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Allegion Plc on July 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.61. Since that recommendation, shares of Allegion Plc have risen 9.5%. We continue to monitor ALLE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders allegion plc

Ticker(s): ALLE