If history is any guide, there may be trouble ahead for shares of Allstate (NYSE:ALL). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Allstate (NYSE:ALL) has outperformed the market over the past 10 years by 3.43% on an annualized basis producing an average annual return of 14.38%. Currently, Allstate has a market capitalization of $35.85 billion.