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Ameren Corp Crosses Below its 10-day MA (AEE)

By Nick Russo

Today, shares of Ameren Corp (NYSE:AEE) have crossed bearishly below their 10-day moving average of $64.98 on a volume of 407K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Ameren Corp share prices have been bracketed by a low of $51.89 and a high of $66.11 and are now at $64.62, 25% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 0.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ameren Corp on June 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.04. Since that recommendation, shares of Ameren Corp have risen 13.2%. We continue to monitor AEE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ameren corp

Ticker(s): AEE