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American Electri: The Winning Streak Continues (AEP)

By Nick Russo

Shares of American Electri (NYSE:AEP) traded today at $91.64, breaking its 52-week high. So far today approximately 264,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

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.

In the past 52 weeks, shares of American Electri have traded between a low of $64.94 and a high of $91.64 and are now at $91.23, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 0.50% higher over the past week, respectively.

American Electri (NYSE:AEP) is currently priced 19.1% above its average consensus analyst price target of $73.78. American Electri shares have support at the 50-day moving average (MA) of $86.08 and additional support at the 200-day MA of $79.09.

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 19.7%. We continue to monitor AEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows american electri

Ticker(s): AEP