Allstate’s most recent trend suggests a bullish bias. One trading opportunity on Allstate is a Bull Put Spread using a strike $115.00 short put and a strike $105.00 long put offers a potential 16.28% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $8.60 would be incurred if the stock dropped below the $105.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Allstate is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Allstate is bullish.
The RSI indicator is at 67.06 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Allstate
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Tue, 28 Dec 2021 00:38:02 +0000
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Tue, 21 Dec 2021 08:38:03 +0000
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The Allstate Corporation’s (NYSE:ALL) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Fri, 17 Dec 2021 09:45:32 +0000
It is hard to get excited after looking at Allstate’s (NYSE:ALL) recent performance, when its stock has declined 12…
Should I Avoid The Allstate Corporation (ALL)?
Sat, 11 Dec 2021 23:53:15 +0000
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