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Allete Breaks Above 200-Day Moving Average - Bullish for ALE

By: BNK Invest
Posted: 6/24/2014 11:54:00 AM
Referenced Stocks: ALE;QINC

In trading on Tuesday, shares of Allete Inc. (Symbol: ALE) crossed above their 200 day moving average of $49.72, changing hands as high as $50.04 per share. Allete Inc. shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of ALE shares, versus its 200 day moving average: Allete Inc. 200 Day Moving Average Chart

Looking at the chart above, ALE's low point in its 52 week range is $45.78 per share, with $54.14 as the 52 week high point - that compares with a last trade of $50.04.

According to the ETF Finder at ETF Channel, ALE makes up 1.85% of the First Trust RBA Quality Income ETF (Symbol: QINC) which is trading lower by about 0.8% on the day Tuesday.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average ยป