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American Electri Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

American Electri (NYSE:AEP) traded today at a new 52-week high of $93.48. Approximately 836,000 shares have changed hands today, as compared to an average 30-day volume of 2.3 million shares.

Over the past year, American Electri has traded in a range of $68.92 to $93.48 and is now at $93.48, 36% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

American Electri (NYSE:AEP) is currently priced 21.1% above its average consensus analyst price target of $73.78. American Electri shares have support at the 50-day moving average (MA) of $90.33 and additional support at the 200-day MA of $84.22.

American Electric Power Company, Inc. (AEP) operates as a public utility holding company. The Company generates, transmits, distributes, and sells electricity to residential and commercial customers. AEP serves customers in the United States.

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: 52 week high/lows american electri

Ticker(s): AEP