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American Electri Bearish Moving Average Crossover Alert (AEP)

By Amy Schwartz

American Electri (NYSE:AEP) shares have crossed bearishly below their 10-day moving average of $72.70 on a volume of 337K 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, American Electri has traded in a range of $62.70 to $78.07 and is now at $71.92, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for American Electri and will alert subscribers who have AEP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses american electri

Ticker(s): AEP