American Electric Power Bearish Moving Average Crossover Alert (AEP)
American Electric Power (NYSE:AEP) shares have crossed bearishly below their 10-day moving average of $69.67 on a volume of 332K 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.
In the past 52 weeks, American Electric Power share prices have been bracketed by a low of $52.29 and a high of $71.32 and are now at $69.57, 33% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.28% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of American Electric Power on May 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.37. Since that recommendation, shares of American Electric Power have risen 7.2%. We continue to monitor AEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses american electric power