Allstate (NYSE:ALL) traded today at a new 52-week high of $43.00. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 3.2 million shares.
Allstate has overhead space with shares priced $42.97, or 2.0% below the average consensus analyst price target of $43.86. The stock should find initial support at its 50-day moving average (MA) of $40.30 and further support at its 200-day MA of $37.03.
Over the past year, Allstate has traded in a range of $27.93 to $43.00 and is now at $42.97, 54% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.5%.
The Allstate Corporation, through its subsidiaries, provides property-liability insurance, as well as other types of insurance in the United States and Canada. The Company primarily sells private passenger automobile and homeowners insurance through independent and specialized brokers. Allstate also sells life insurance, annuity, and group pension products through agents.