Allstate Trades Above 50-Day SMA: How to Play the Stock Now?

Key Takeaways Allstate is growing steadily with premiums supported by disciplined pricing and acquisitions.The company is expanding services and reinforcing its property-liability business.Catastrophe exposure, rising costs, and high leverage remain key financial challenges.The Allstate Corporation (ALL) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It i ...