• Return to Headlines

Shares of Ameren Corp Rise to a New 52-Week High

By David Diaz

Ameren Corp (NYSE:AEE) traded today at a new 52-week high of $77.61. This new high was reached on below average trading volume as 103,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Ameren Corporation is a public utility holding company. The Company, through its subsidiaries, generates electricity, delivers electricity, and distributes natural gas to customers in Missouri and Illinois.

Ameren Corp (NYSE:AEE) is currently priced 25.8% above its average consensus analyst price target of $57.57. The stock should find initial support at its 50-day moving average (MA) of $73.59 and further support at its 200-day MA of $69.26.

Over the past year, Ameren Corp has traded in a range of $56.97 to $77.61 and is now at $77.61, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Ameren Corp on May 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.98. Since that recommendation, shares of Ameren Corp have risen 3.9%. We continue to monitor AEE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ameren corp

Ticker(s): AEE