American Equity Investment Crosses Above its 10-day MA (AEL)
American Equity Investment (NYSE:AEL) shares have crossed bullishly above their 10-day moving average of $16.06 on a volume of 133K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, American Equity Investment share prices have been bracketed by a low of $12.65 and a high of $30.02 and are now at $16.70, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.3%.
SmarTrend is tracking the current trend status for American Equity Investment and will alert subscribers who have AEL in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses american equity investment