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Recent 52-Week High Exceeded in Shares of Ameriprise Finan (AMP)

By Amy Schwartz

Shares of Ameriprise Finan (NYSE:AMP) traded at a new 52-week high today of $148.49. This new high was reached on below average trading volume as 174,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Ameriprise Financial, Inc. is a financial planning and services firm. The Company provides financial planning, products and services that are designed to be utilized as solutions for its clients' cash and liquidity, asset accumulation, income, protection, and estate and wealth transfer needs.

Based on a current price of $148.11, Ameriprise Finan is currently 3.9% above its average consensus analyst price target of $142.33. The stock should discover initial support at its 200-day moving average (MA) of $104.07 and subsequent support at its 50-day MA of $93.38.

In the past 52 weeks, shares of Ameriprise Finan have traded between a low of $84.92 and a high of $148.49 and are now at $148.11, which is 74% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Ameriprise Finan on June 15th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $128.37. Since that recommendation, shares of Ameriprise Finan have risen 13.9%. We continue to monitor AMP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ameriprise finan

Ticker(s): AMP