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Allstate Corp Crosses Below its 10-day MA (ALL)

By Nick Russo

Allstate Corp (NYSE:ALL) crossed under its 10-day moving average of $97.52 on a volume of 162K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Allstate Corp share prices have moved between a 52-week high of $102.73 and a 52-week low of $77.00 and are now trading 26% above that low price at $97.40 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.33% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Allstate Corp on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $84.06. Since that recommendation, shares of Allstate Corp have risen 16.9%. We continue to monitor ALL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allstate corp

Ticker(s): ALL