Allstate - Barchart Chart of the Day

Allstate Corp (ALL) is the Barchart Chart of the Day.  The property and casualty insurance carrier has a Trend Spotter buy signal, a Weighted Alpha of 25.15+, gained 25.10% in the last year while paying a 1.70% dividend yield.

The Chart of the Day is Allstate Corp (ALL).  I found the stock by sorting the All Time High list for the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/24 the stock gained 5.80%.

Allstate Corporation's business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their subsidiaries. Allstate is engaged, principally in the United States and Canada, in the personal property and casualty insurance business and the life insurance and savings business. Allstate has four business segments: personal property and casualty; life and savings; discontinued lines and coverages; and corporate and other business.

 Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 8.70% in the last month
• Relative Strength Index 76.23%
• Barchart computes a technical support level at 65.37
• Recently traded at 66.20 with a 50 day moving average of 62.03

Fundamental factors:

• Market Cap $28.73 billion
• P/E 12.17
• Dividend yield 1.70%
• Revenue expected to grow 5.00 this year and another 5.70% next year
• Earnings estimated to decrease 7.70% this year but increase again by 10.30% next year and continue to compound by 6.38% annually for the next 5 years
• Wall Street analysts issued 7 strong buys, 6 buys and 15 hold recommendation on the stock

The 50 - 100 Day MACD Oscillator has been the most consistent technical trading strategy on this stock and should be used to make your exit point.