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Aes Corp (AES) Breaks Through Resistance at $18.08

By James Quinn

Shares of Aes Corp (NYSE:AES) opened today above their pivot of $18.04 and have already reached the first level of resistance at $18.08. Investors may be interested in a cross of the next upside pivot targets of $18.15 and $18.26.

Aes Corp (NYSE:AES) defies analysts with a current price ($18.02) 27.9% above its average consensus price target of $13.00. The stock should find initial support at its 50-day moving average (MA) of $17.66 and further support at its 200-day MA of $15.20.

In the past 52 weeks, shares of Aes Corp have traded between a low of $11.25 and a high of $18.52 and are now at $18.02, which is 60% above that low price. The 200-day and 50-day moving averages have moved 0.85% higher and 1.12% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Aes Corp and will alert subscribers who have AES in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts aes corp

Ticker(s): AES