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American Electric Power Bullish Moving Average Crossover Alert (AEP)

By David Diaz

American Electric Power (NYSE:AEP) shares have crossed bullishly above their 10-day moving average of $66.82 on a volume of 921K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $67.93 and are now at $67.89, 30% above that low price. 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 tracking the current trend status for American Electric Power and will alert subscribers who have AEP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses american electric power

Ticker(s): AEP