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Aes Corp (AES) Crosses Pivot Point Support at $11.22

By David Diaz

Shares of Aes Corp (NYSE:AES) have bearishly opened below the pivot of $11.35 today and have reached the first support level of $11.22. Investors may be interested in a cross of the next downside pivot targets of $11.04 and $10.73.

Potential upside of 11.5% exists for Aes Corp, based on a current level of $11.25 and analysts' average consensus price target of $12.54. The stock should discover initial support at its 50-day moving average (MA) of $11.07 and subsequent support at its 200-day MA of $10.59.

Over the past year, Aes Corp has traded in a range of $10.60 to $13.32 and is now at $11.25, 6% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

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