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Bearish Moving Average Cross by American Equity Investment (AEL)

By Nick Russo

Today, shares of American Equity Investment (NYSE:AEL) have fallen below their 10-day MA of $15.82 on a volume of 473K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $15.18, 20% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.3%.

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