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Ameren Corp Falls 3.42% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Ameren Corp (NYSE:AEE) traded in a range yesterday that spanned from a low of $73.34 to a high of $74.92. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $73.74 on volume of 819,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ameren Corp has traded in a range of $62.51 to $80.85 and is now at $74.92, 20% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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

Keywords: rebounders ameren corp

Ticker(s): AEE