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Allison Transmis Set to Possibly Pullback After Yesterday's Rally of 2.39%

By Nick Russo

Allison Transmis (NYSE:ALSN) traded in a range yesterday that spanned from a low of $40.92 to a high of $42.23. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $41.36 on volume of 990,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Allison Transmis has traded in a range of $32.93 to $45.69 and is now at $42.01, 28% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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

Keywords: rebounders allison transmis

Ticker(s): ALSN