Allstate (ALL) NewsBite - ALL Upgraded By JP Morgan
Posted: Tuesday, February 16, 2010 1:35 PM EDT
Allstate (ALL) was upgraded today by analysts at JP Morgan and the stock is now at $30.39, up $0.98 (3.33%) on volume of 2,541,170 shares traded. The analysts upgraded the stock to Neutral from Underweight. Over the last 52 weeks the stock has ranged from a low of $13.77 to a high of $32.23. Allstate stock has been showing support around $28.86 and resistance in the $29.92 range. Technical indicators for the stock are neutral and S&P gives ALL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ALL the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 27 range. [ABR-Seven Summits Strategic Investments NewsBite]
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