Ally Financial Inc. (ALLY) – stock is trading around $34.98 dollars as of September, 16, 2019 and offering a possible buying price between $33.94 – $35.64. Let’s look at the stocks technical actions using a weekly chart.
2. The stock breakout back in End of March or Early April.
3. The stock had quick run and consolidated around the 50 day moving average line.
4. The stock had a quick and nice run after that.
5. The stock lost ground after that even dived below the 50 DMA.
6. The stock finally rebounded not only brokeout, but regained the 50 DMA on heavier volume.
7. The stock is offering possible buying price between $33.94 – $35.64, with a stop loss at $31.22.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
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