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Look for Shares of Ameren Corp to Potentially Rebound after Yesterday's 2.11% Sell Off

By Nick Russo

Ameren Corp (NYSE:AEE) traded in a range yesterday that spanned from a low of $64.18 to a high of $66.40. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $65.07 on volume of 930,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ameren Corp share prices have moved between a 52-week high of $67.06 and a 52-week low of $51.89 and are now trading 24% above that low price at $64.27 per share. The 200-day and 50-day moving averages have moved 0.19% higher and 0.39% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Ameren Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ameren Corp in search of a potential trend change.

Keywords: rebounders ameren corp

Ticker(s): AEE