AES Bearish Moving Average Crossover Alert (AES)
Today, shares of AES (NYSE:AES) have crossed bearishly below their 10-day moving average of $11.17 on a volume of 474K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, AES has traded in a range of $8.22 to $14.02 and is now at $11.01, 34% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.
SmarTrend recommended that subscribers consider buying shares of AES on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.91. Since that recommendation, shares of AES have risen 14.1%. We continue to monitor AES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses