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Ameriprise Finan Set to Possibly Rebound After Yesterday's Selloff of 1.47%

By David Diaz

Ameriprise Finan (NYSE:AMP) traded in a range yesterday that spanned from a low of $141.21 to a high of $143.36. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $143.10 on volume of 449,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ameriprise Finan share prices have moved between a 52-week high of $149.99 and a 52-week low of $84.92 and are now trading 67% above that low price at $141.72 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of Ameriprise Finan on June 15th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $128.37. Since that recommendation, shares of Ameriprise Finan have risen 11.7%. We continue to monitor AMP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ameriprise finan

Ticker(s): AMP