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Look for Shares of American Electri to Potentially Pullback after Yesterday's 1.21% Rise

By Amy Schwartz

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.

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.

In the past 52 weeks, shares of American Electri have traded between a low of $62.70 and a high of $78.07 and are now at $75.18, which is 20% above that low price. 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%.

Keywords: rebounders american electri

Ticker(s): AEP