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