Allstate (ALL) Offering Possible 20.48% Return Over the Next 24 Calendar Days

Allstate's most recent trend suggests a bearish bias. One trading opportunity on Allstate is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 20.48% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $87.50 long call 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 down which suggests that the medium-term momentum for Allstate is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Allstate

See what the IHS Markit Score report has to say about Allstate Corp.
Thu, 20 Dec 2018 13:00:09 +0000
Allstate Corp NYSE:ALL

Allstate Elevates Use of Aerial Imagery to Enhance Customer Service
Tue, 18 Dec 2018 14:00:00 +0000
NORTHBROOK, Ill., Dec. 18, 2018 /PRNewswire/ — Allstate customers who leave town ahead of a hurricane or wildfire may now have access to images of their homes shortly after the disaster. Allstate will have access to industry-leading aerial images and data that can help price insurance for new customers and help existing customers in their time of need.

Can Allstate (ALL) November Cat Loss Mar Q4 Growth Prospects?
Fri, 14 Dec 2018 15:14:03 +0000
Catastrophe loss might ail Allstate's (ALL) fourth-quarter results.

Allstate to Discuss Fourth Quarter 2018 Earnings With Investors
Thu, 13 Dec 2018 16:00:00 +0000
NORTHBROOK, Ill., Dec. 13, 2018 /PRNewswire/ — The Allstate Corporation (ALL) will conduct a conference call and webcast at 9 a.m. Eastern Time (ET) on Wednesday, Feb. 6, 2019, to discuss fourth-quarter 2018 earnings. To view Allstate's quarterly results after the filing, including the earnings release and investor supplement, visit the SEC website at www.sec.gov. A list of preliminary dates and times for future earnings calls/webcasts also can be found on the Allstate investor website.

Allstate Announces Impact of California Wildfires
Thu, 13 Dec 2018 00:00:00 +0000
Allstate today announced estimated catastrophe losses for the month of November 2018 of $685 million, pre-tax ($541 million, after-tax). Catastrophe losses occurring in November comprised six events at an estimated cost of $679 million, pre-tax ($536 million, after-tax), plus unfavorable reserve reestimates of prior reported catastrophe losses.

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