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American Electric Power Crosses Below its 10-day MA (AEP)

By James Quinn

American Electric Power (NYSE:AEP) shares have crossed bearishly below their 10-day moving average of $65.14 on a volume of 656K 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, shares of American Electric Power have traded between a low of $52.29 and a high of $71.32 and are now at $64.85, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 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