Allison Transmission Holdings (ALSN) Shares are Up 2.34%

Allison Transmission Holdings (ALSN) : Traders are bullish on Allison Transmission Holdings (ALSN) as it has outperformed the S&P 500 by a margin of 1.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.71%, 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 2.34% in the last 1 week, and is up 7.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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 $29.78 and $29.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.79, notching a gain of 0.27% for the day. The total traded volume was 1,544,819 . The stock had closed at $29.71 on the previous day.


The stock has recorded a 20-day Moving Average of 4.78% and the 50-Day Moving Average is 5.9%. Allison Transmission Holdings, Inc. is up 5.69% in the last 3-month period. Year-to-Date the stock performance stands at 16.45%.

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.

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