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 $67.02 on a volume of 409K 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.
American Electric Power share prices have moved between a 52-week high of $71.32 and a 52-week low of $52.29 and are now trading 28% above that low price at $66.71 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.
SmarTrend is monitoring the recent change of momentum in American Electric Power. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American Electric Power in search of a potential trend change.
Keywords: moving crosses american electric power