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Ameren Bearish Moving Average Crossover Alert (AEE)

By David Diaz

Today, shares of Ameren (NYSE:AEE) have crossed bearishly below their 10-day moving average of $53.03 on a volume of 381K 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.

Ameren share prices have moved between a 52-week high of $54.08 and a 52-week low of $37.26 and are now trading 41% above that low price at $52.53 per share. The 200-day and 50-day moving averages have moved 0.43% higher and 0.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ameren on June 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.39. Since that recommendation, shares of Ameren have risen 7.6%. We continue to monitor AEE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ameren

Ticker(s): AEE