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Allstate Corp Set to Possibly Rebound After Yesterday's Selloff of 1.57%

By Nick Russo

Allstate Corp (NYSE:ALL) traded in a range yesterday that spanned from a low of $94.71 to a high of $96.75. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $96.78 on volume of 684,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Allstate Corp share prices have moved between a 52-week high of $105.36 and a 52-week low of $88.29 and are now trading 8% above that low price at $95.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Keywords: rebounders allstate corp

Ticker(s): ALL