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American Electri Bearish Moving Average Crossover Alert (AEP)

By James Quinn

Today, shares of American Electri (NYSE:AEP) have crossed bearishly below their 10-day moving average of $84.77 on a volume of 178K 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 $62.71 to $86.10 and is now at $84.56, 35% above that low. The 200-day and 50-day moving averages have moved 0.29% higher and 0.28% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of American Electri on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.92. Since that recommendation, shares of American Electri have risen 11.7%. We continue to monitor AEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses american electri

Ticker(s): AEP