Allison Transmission Holdings (ALSN) : Traders are bullish on Allison Transmission Holdings (ALSN) as it has outperformed the S&P 500 by a wide margin of 3.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.35% in the last 1 week, and is up 3.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.94% and the 50-Day Moving Average is 2.33%.The 200 Day SMA reached 8.29%
Allison Transmission Holdings (NYSE:ALSN): After opening at $28.25, the stock dipped to an intraday low of $28.225 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.76 and the buying power remained strong till the end. The stock closed at $28.68 for the day, a gain of 2.28% for the day session. The total traded volume was 1,161,819. The stocks close on the previous trading day was $28.68.
Allison Transmission Holdings (ALSN) : The highest short term price target forecast on Allison Transmission Holdings (ALSN) is $36 and the lowest target price is $26. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $30.25 with a standard deviation of $3.02.
Allison Transmission Holdings, Inc. designs and manufactures commercial and defense transmissions. The Company offers fully-automatic transmissions for medium-and heavy-duty commercial vehicles and medium-and heavy-tactical United States defense vehicles. The Companys transmissions are used in a variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Companys transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has over 100 different models that are used in over 2,500 different vehicle configurations and are compatible with more than 500 combinations of engine brands, models and ratings, including diesel, gasoline, natural gas and other alternative fuels.