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American Electri Crosses Above its 10-day MA (AEP)

By David Diaz

American Electri (NYSE:AEP) crossed over its 10-day moving average of $83.01 on a volume of 262K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

American Electri share prices have moved between a 52-week high of $84.27 and a 52-week low of $62.71 and are now trading 33% above that low price at $83.55 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

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 9.2%. 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