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After Yesterday's Rally of 1.21% Shares Could Potentially Pullback

By Shiri Gupta

American Electri (NYSE:AEP) traded in a range yesterday that spanned from a low of $74.16 to a high of $75.28. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $75.22 on volume of 561,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

American Electri share prices have moved between a 52-week high of $78.07 and a 52-week low of $62.70 and are now trading 20% above that low price at $75.18 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

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

Keywords: rebounders american electri

Ticker(s): AEP