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After Yesterday's Rally of 1.41% Shares Could Potentially Pullback

By Shiri Gupta

Allstate Corp (NYSE:ALL) traded in a range yesterday that spanned from a low of $97.38 to a high of $97.76. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $97.10 on volume of 665,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Allstate Corp have traded between a low of $77.00 and a high of $102.73 and are now at $97.76, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Allstate Corp and will alert subscribers who have ALL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders allstate corp

Ticker(s): ALL