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American Electri Trading Higher Today on Above-Average Volume, Consistent With Trend (AEP)

By Amy Schwartz

American Electri's stock is up 0.9% to $83.71 on heavy trading volume. About 3.5 million shares have been traded today, as compared to the 30-day average volume of 2.5 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of American Electri on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.92. Since that recommendation, shares of American Electri have risen 9.3%. We continue to monitor AEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of American Electri have traded between a low of $62.71 and a high of $83.73 and are now at $83.26, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

Keywords: unusual volume american electri

Ticker(s): AEP