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

By Shiri Gupta

Today, shares of Ameren Corp (NYSE:AEE) have fallen below their 10-day MA of $75.85 on a volume of 129K 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.

Over the past year, Ameren Corp has traded in a range of $59.15 to $77.77 and is now at $75.47, 28% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Ameren Corp on May 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.98. Since that recommendation, shares of Ameren Corp have risen 3.4%. 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