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SmarTrend Watching for Potential Rebound in Shares of Ameriprise Finan After 2.19% Loss

By Shiri Gupta

Ameriprise Finan (NYSE:AMP) traded in a range yesterday that spanned from a low of $137.74 to a high of $143.75. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $143.44 on volume of 586,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Ameriprise Finan have traded between a low of $129.87 and a high of $183.90 and are now at $139.75, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: rebounders ameriprise finan

Ticker(s): AMP