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American Equity Investment Crosses Above its 10-day MA (AEL)

By James Quinn

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

Ticker(s): AEL