This Foreboding Sign Looms Over Allegion's Chart

This Foreboding Sign Looms Over Allegion's Chart

If history is any guide, there may be trouble ahead for shares of Allegion (NYSE:ALLE). A so-called “death cross” has formed on its chart and, not surprisingly, this could be bearish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term …

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