Allison Transmission Holdings (ALSN) has risen sharply, recording gains of 0.35% in the past 4 weeks. However, the stock has corrected -1.25% in the past 1 week, providing a good buying opportunity on dips. Allison Transmission Holdings (ALSN) : During the past 4 weeks, traders have been relatively bearish on Allison Transmission Holdings (ALSN), hence the stock is down -2.08% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.67% relative to the S&P 500.
Allison Transmission Holdings (NYSE:ALSN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.32 and $28.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.46, notching a gain of 0.74% for the day. The total traded volume was 911,948 . The stock had closed at $28.25 on the previous day.
The stock has recorded a 20-day Moving Average of 1.93% and the 50-Day Moving Average is 0.07%. Allison Transmission Holdings, Inc. is up 2.75% in the last 3-month period. Year-to-Date the stock performance stands at 11.25%.
Allison Transmission Holdings (ALSN) : The highest level Allison Transmission Holdings (ALSN) is projected to reach is $36 for the short term and the lowest estimate is at $26. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $31.38 and the possibility the share price can swing is $3.2.