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Aes Corp Rises 1.34% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Aes Corp (NYSE:AES) traded in a range yesterday that spanned from a low of $15.86 to a high of $15.94. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $15.76 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Aes Corp share prices have been bracketed by a low of $13.00 and a high of $18.52 and are now at $15.89, 22% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

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: rebounders aes corp

Ticker(s): AES