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SmarTrend Watching for Potential Pullback in Shares of Aes Corp After 1.36% Gain

By Shiri Gupta

Aes Corp (NYSE:AES) traded in a range yesterday that spanned from a low of $16.87 to a high of $17.09. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $16.92 on volume of 996,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Aes Corp share prices have moved between a 52-week high of $18.52 and a 52-week low of $12.55 and are now trading 36% above that low price at $17.06 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.7%.

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

Keywords: rebounders aes corp

Ticker(s): AES