ALE Makes Bullish Cross Above Critical Moving Average

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In trading on Tuesday, shares of Allete Inc. (Symbol: ALE) crossed above their 200 day moving average of $74.28, changing hands as high as $74.29 per share. Allete Inc. shares are currently trading up about 1.4% 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 $66.64 per share, with $81.24 as the 52 week high point - that compares with a last trade of $74.17.

According to the ETF Finder at ETF Channel, ALE makes up 2.67% of the First Trust RBA Quality Income ETF (Symbol: QINC) which is trading higher by about 0.4% on the day Tuesday.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Commodities
Referenced Symbols: ALE ,

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