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After Yesterday's Decline of 1.19%, AES Offers Investors Better Value

By James Quinn

AES (NYSE:AES) traded in a range yesterday that spanned from a low of $10.98 to a high of $11.33. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $11.25 on volume of 4.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, AES share prices have been bracketed by a low of $8.22 and a high of $14.02 and are now at $11.22, 37% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of AES on October 6th, 2016 by issuing a Downtrend alert when the shares were trading at $11.72. Since that call, shares of AES have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders

Ticker(s): AES